Pacific Mutual Holding Company Announces Appointment of Maria Teresa Tejada of Bain & Company to its Board of Directors

NEWPORT BEACH, Calif.--(BUSINESS WIRE)--Pacific Life announced today that Maria Teresa Tejada, senior advisor in the Financial Services practice at Bain & Company, has been appointed to the board of Pacific Mutual Holding Company, the ultimate parent company of Pacific Life Insurance Company. Ms. Tejada will serve on the Audit and Investment and Finance Committees in addition to the board.

Ms. Tejada has spent three decades in financial services as a trusted advisor to executive management teams and public company boards. Prior to joining Bain & Company, Ms. Tejada was the chief strategic enterprise risk officer at Wells Fargo & Company with a focus on leveraging enterprise risk programs for regulatory remediation, as well as deputy chief risk officer and chief credit officer at KeyCorp where she was responsible for group-level risk oversight. Ms. Tejada spent 16 years at Goldman Sachs between New York and London, in emerging markets fixed income and Latin America investment banking then ultimately served as managing director of credit risk management & advisory for the Europe, Middle East, and Africa region. She has also been actively engaged in people development, as well as diversity and inclusion initiatives.

“Maria Teresa’s rich experiences in financial services, risk management, and transformational change will be a valuable asset to our board as we continue to accelerate our digital capabilities and look to evolve how we serve our policyholders,” said Jim Morris, chairman, president and CEO of Pacific Life. “We look forward to her guidance as we move forward with our strategy.”

About Pacific Life

For more than 150 years, Pacific Life has helped millions of individuals and families with their financial needs through 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. Whether your goal is to protect loved ones or grow your assets for retirement, Pacific Life offers innovative products and services that provide value and financial security for current and future generations. Pacific Life counts more than half of the 100 largest U.S. companies as its clients and has been named one of the 2021 World’s Most Ethical Companies® by the Ethisphere Institute. For additional company information, including current financial strength ratings, visit www.PacificLife.com.

Pacific Life refers to Pacific Life Insurance Company and its affiliates, including Pacific Life & Annuity Company. Client count as of June 2021 is compiled by Pacific Life using the 2021 FORTUNE 500^® list.