StanCorp Financial Group, Inc., and Standard Insurance Company Announce the Promotion of Dan McMillan to President and Chief Operating Officer

PORTLAND, Ore.--(BUSINESS WIRE)--StanCorp Financial Group, Inc., and primary operating subsidiary Standard Insurance Company (“The Standard”) announced today that Dan McMillan has been promoted to president and chief operating officer. J. Greg Ness retains his role as chief executive officer and chairman of the board.

McMillan is currently executive vice president for The Standard, with executive responsibility for the company’s two primary business units — the Insurance Services Group and the Asset Management Group. Insurance Services Group encompasses both group and individual insurance operations. Asset Management Group includes Standard Insurance Company’s Investment division, StanCorp Mortgage Investors, StanCorp Real Estate, and the company’s Retirement Plans and Individual Annuities businesses.

In his new role, McMillan will retain oversight of the company’s insurance and asset management businesses and add responsibility for Information Technology and Corporate Actuarial and Risk Management.

McMillan joined The Standard in 1989 and has held a succession of leadership positions with increasing responsibilities, as well as spearheaded large-scale business, technology and enterprise efficiency initiatives.

“Dan’s more than 30 years of experience across many varied areas of our organization will suit him well as he takes on these additional responsibilities. He is a strong and steady leader who strives to help us meet and exceed the expectations of our customers,” said Greg Ness, chairman and CEO of The Standard. “I’m excited about this new leadership opportunity for Dan and how it positions our company for continued success and growth.”

McMillan earned a bachelor’s degree in English with a minor in mathematics from Linfield College. He also holds an Associate Life & Health Claims designation from the International Claim Association.

McMillan serves on the Group Insurance Executive Council of the American Council of Life Insurers. He previously served on the board of directors of the Council for Disability Awareness, Portland Children's Museum, Lines for Life and the Portland Business Alliance.

About The Standard

The Standard is a family of companies dedicated to helping customers achieve financial well-being and peace of mind. In business since 1906, we are a leading provider of financial protection products and services for employers and individuals. Our products include group and individual disability insurance, group life, dental and vision insurance, voluntary (employee-paid) benefits, absence management services, and retirement plans and annuities for employers and individuals. For more information about The Standard, visit www.standard.com or follow us on Facebook, Twitter or LinkedIn.

The Standard is the marketing name for StanCorp Financial Group, Inc., and its subsidiaries: Standard Insurance Company, The Standard Life Insurance Company of New York, Standard Retirement Services, Inc., StanCorp Mortgage Investors, LLC, StanCorp Investment Advisers, Inc., StanCorp Real Estate, LLC, and StanCorp Equities, Inc.