The role was created by Garcia in 2014 as part of strategic restructuring designed to realize the organization’s full potential and create long-term value for employees, customers and sales partners.
“When I joined this organization last year, I identified the need for a visionary leader to helm the new North American Life Insurance division,” said Garcia. “With extensive financial services experience and a proven track record of building performance-driven teams, I know she is the right choice to help lead Foresters into sustainable, profitable growth.”
Neal will be responsible for leading Canadian and US Distribution for Foresters, which has $28 billion in funds under management.
Since 2008, Neal has served as Executive Vice President, Individual Markets and President, Individual Life at Liberty Mutual Insurance.
Previously, she held progressively senior roles with leading financial services organizations, including HSBC, Morgan Stanley and Discover Card.
She has a bachelor of science in marketing and an MBA from the University of Illinois.
In a move a year in the making, Foresters hired Cheryl Neal as the company’s Executive Vice President and President, North American Life Insurance.