The Standard Announces Leadership Team and Organizational Changes

Scott Hibbs, Vice President and Chief Investment Officer, to Retire in December

PORTLAND, Ore. — Standard Insurance Company (The Standard) today announced that Scott Hibbs, vice president and chief investment officer, will retire at the end of December. The company also announced several leadership team and organizational changes that support the company’s continued focus on growth and innovation.

“Scott’s leadership has been integral to the ongoing innovation and success across our asset management businesses,” said Dan McMillan, president and chief executive officer of The Standard. “His focus, deep expertise and many contributions to company culture and performance will be missed. All of us at The Standard wish him well in retirement.”

Hibbs joined The Standard in 2000 as assistant vice president of Investor Relations and Financial Planning. He has served as vice president of the company’s asset management businesses since 2009 and became chief investment officer in 2013.

In his current role, Hibbs has executive responsibility for investment management and the company’s asset management businesses, comprising Retirement Plans, Individual Annuities, Fixed Income and the Commercial Mortgage loan and Real Estate businesses. Beginning in 2022, responsibility of these areas will be split and overseen by two leaders:

Chris Beaulieu, currently vice president of Individual Annuities and Investments, will join The Standard’s senior leadership team and has been promoted to vice president and chief investment officer effective Jan. 1, 2022. In his new role, Beaulieu will lead enterprise Investment Management, Fixed Income, the Commercial Mortgage Division and Real Estate.

AJ Ijaz, currently vice president of Retirement Plans, will also join The Standard’s senior leadership team and has been promoted to vice president of the Asset Management Group effective Jan. 1, 2022. His new role will include responsibility for Retirement Plans, Institutional Products and Individual Annuities.

“Chris and AJ are experienced, proven leaders with deep expertise and an energy for people and innovation,” said McMillan. “Their promotions reflect our longstanding commitment to leadership development and growing a talent pipeline that is ready to meet the evolving needs of our customers in a rapidly changing marketplace.”

About The Standard

The Standard is a family of companies dedicated to helping customers achieve financial well-being and peace of mind. In business since 1906, we are a leading provider of financial protection products and services for employers and individuals. Our products include group and individual disability insurance, group life, dental and vision insurance, voluntary (employee-paid) benefits, absence management services, and retirement plans and annuities for employers and individuals. For more information about The Standard, visit standard.com or follow us on Facebook, Twitter or LinkedIn.

The Standard is the marketing name for StanCorp Financial Group, Inc., and its subsidiaries: Standard Insurance Company, The Standard Life Insurance Company of New York, Standard Retirement Services, Inc., StanCorp Mortgage Investors, Inc., StanCorp Investment Advisers, Inc., StanCorp Real Estate, LLC, and StanCorp Equities, Inc.

Scott Hibbs

Chris Beaulieu

AJ Ijaz