NEWPORT BEACH, Calif.--(BUSINESS WIRE)--Pacific Life Insurance Company today announced that current President Khanh T. Tran, 59, has been named as Aviation Capital Group’s (“ACG”) next Chief Executive Officer effective January 1, 2016. ACG is Pacific Life’s wholly owned commercial aircraft leasing subsidiary headquartered in Newport Beach, California. To further strengthen ACG’s platform for continued success, ACG, with the support of Pacific Life, is considering a possible IPO.
“Khanh has been a key member of leadership since he joined Pacific Life in 1990, serving as treasurer, chief financial officer, chief investment officer, and president,” said Jim Morris, chairman and CEO of Pacific Life. “He has been integral to the success of Pacific Life. His knowledge of the aircraft leasing industry and the financial markets make him ideally suited to focus on and lead ACG’s continued growth.”
As of January 1, 2016, Mr. Tran will resign his position as president of Pacific Life and as board member of its parent companies. Mr. Morris will assume the additional title of president of Pacific Life.
About Pacific Life
Offering insurance since 1868, Pacific Life provides a wide range of life insurance products, annuities, and mutual funds, and offers a variety of investment products and services to individuals, businesses, and pension plans. Pacific Life counts more than half of the 100 largest U.S. companies as its clients. For additional company information, including current financial strength ratings, go to www.PacificLife.com.
Pacific Life refers to Pacific Life Insurance Company and its affiliates, including Pacific Life & Annuity Company. Client count as of June 2015 is compiled by Pacific Life using the 2015 FORTUNE 500® list.