Pacific Life, a US-based provider of life insurance products, annuities, and mutual funds, has appointed Joe Celentano as the new head of its retirement solutions division (RSD).

Celentano will replace Dewey Bushaw, who will retire following a 24-year stint at the firm.

Pacific Life chairman, president and CEO Jim Morris said: “With his keen sense for market opportunities, Dewey’s tireless efforts toward building the business that we have today has helped prepare RSD for even greater success in the future.

“We thank Dewey for his many contributions to Pacific Life, and celebrate his remarkable career of outstanding commitment and dedication to the company.”

Celentano joined Pacific Life in 1992 and currently serves as RSD senior vice president and chief finance and risk officer.

He will assume the new responsibility on 1 January 2019, with responsibility for the firm’s growth and innovation as well as expansion of product offerings and distribution channels.

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“Joe’s leadership, sharp strategic and analytical perspective, and deep knowledge across our businesses makes him ideally suited for this role,” Morris added.