Voya Financial, Inc. has hired a new CEO of retirement. Charles Nelson will join the company on May 1, overseeing tax-exempt and corporate markets and retail wealth management, which comprise the company’s workplace and individual retirement businesses, including 401(k), 403(b) and 457 plans and IRAs.

Nelson, 54, has more than 30 years of leadership experience in the retirement industry. His most recent position was as president of retirement services for Great-West Life & Annuity Insurance Company’s Empower Retirement business unit.

“Charlie’s track record of developing and executing profitable growth strategies for retirement businesses—while optimizing return on equity—is reflected in his well-respected standing in our industry. He will be a great addition to our executive team as we continue to focus on achieving our vision to be America’s Retirement Company,” said Rodney Martin, Jr., chairman and CEO of Voya Financial.

Nelson has managed all aspects of the defined contribution and defined benefit businesses during his career. He has overseen government, health care, nonprofit, 401(k) and FASCore institutional lines of business, while also managing recordkeeping, administration, operations, sales, products, financial results and broker-dealer services.

“The exciting transformation that’s taken place at Voya was a key driver in my decision. I’m delighted to join the Voya team,” Nelson said. “I look forward to contributing to Voya’s continued success—leveraging its strong financial profile with a focus on long-term value creation by delivering unique customer experiences integrated with a set of holistic solutions designed to enhance participant retirement income.”

Voya Financial is composed of retirement, investment and insurance companies serving the financial needs of about 13 million individual and institutional customers in the United States.

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