Fidelity & Guaranty Life CEO Launer To Retire; Littlefield Named Successor

(RTTNews) - Fidelity & Guaranty Life (FGL) said Friday that Lee Launer, the company's Chief Executive Officer and a member of its Board of Directors, has elected to retire effective as of April 30 in order to pursue outside interests.

Pursuant to its established management succession plan, the company also said that its President Christopher Littlefield will assume the position of CEO upon Launer's retirement.

The company expects to enter into an exclusive advisory services agreement with Launer to provide for a seamless transition in leadership through the end of the 2015 calendar year.

Littlefield, who joined Fidelity & Guaranty Life as President in 2014, was formerly the President & Chief Executive Officer of Aviva USA Corp.