Thomas R. Watjen

Last updated
Thomas R. Watjen
BornThomas Ros Watjen
c. 1955
Alma mater Virginia Military Institute
University of Virginia Darden School of Business
Known for Former Chairman & CEO of Unum

Thomas R. Watjen (born c. 1955) is an American businessman. He is the former chairman and chief executive officer of Unum.

Unum company

Unum Group is a Chattanooga, Tennessee-based Fortune 500 insurance company formerly known as UnumProvident. Unum Group was created by the 1999 merger of Unum Corporation and The Provident Companies and comprises three distinct businesses – Unum US, Unum UK, and Colonial Life. Its underwriting insurers include The Paul Revere Life Insurance Company and Provident Life and Accident Insurance Company. Unum is the top disability insurer in both the United States and United Kingdom and also offers other insurance products including accident, critical illness and life insurance.

Contents

Early life

Watjen was born circa 1955. [1] He graduated from the Virginia Military Institute, [2] where he earned a bachelor's degree in 1976, and he earned a master in business administration from the University of Virginia Darden School of Business in 1981. [1]

Virginia Military Institute state-supported military college in Lexington, Virginia, USA

Founded 11 November 1839 in Lexington, Virginia, the Virginia Military Institute (VMI) is the oldest state-supported military college and the first public Senior Military College in the United States. In keeping with its founding principles and unlike any other Senior Military College in the United States, VMI enrolls cadets only and awards baccalaureate degrees exclusively.VMI offers its students, all of whom are cadets, strict military discipline combined with a physically and academically demanding environment. The Institute grants degrees in 14 disciplines in engineering, the sciences and liberal arts, and all VMI students are required to participate in one of the four ROTC programs.

University of Virginia Darden School of Business business school

The Darden School of Business is the graduate business school associated with the University of Virginia in Charlottesville, Virginia. The Darden School offers MBA, Ph.D. and Executive Education programs. The School was founded in 1955 and is named after Colgate Whitehead Darden, Jr., a former Democratic congressman, governor of Virginia, and former president of the University of Virginia. Darden is on the grounds of the University of Virginia in Charlottesville. The School is famous for being one of the most prominent business schools to use the case method as its primary method of teaching. The Dean of the school is former McKinsey & Company executive, Scott C. Beardsley.

Career

Watjen first worked at Aetna, followed by Conning & Company. [3] He was a managing director of Morgan Stanley from 1987 to 1994. [3]

Aetna American managed health care company

Aetna Inc. is an American managed health care company that sells traditional and consumer directed health care insurance plans and related services, such as medical, pharmaceutical, dental, behavioral health, long-term care, and disability plans, primarily through employer-paid insurance and benefit programs, and through Medicare. Since November 28, 2018, the company has been a subsidiary of CVS Health.

Conning is a global investment management firm serving the insurance industry. Conning supports institutional investors, including pension plans, with investment and asset management products, risk modeling software, and industry research. Founded in 1912, Conning has offices in Boston, Cologne, Hartford, Hong Kong, London, New York and Tokyo.

Morgan Stanley U.S investment bank

Morgan Stanley is an American multinational investment bank and financial services company headquartered at 1585 Broadway in the Morgan Stanley Building, Midtown Manhattan, New York City. With offices in more than 42 countries and more than 55,000 employees, the firm's clients include corporations, governments, institutions and individuals. Morgan Stanley ranked No. 67 in the 2018 Fortune 500 list of the largest United States corporations by total revenue.

Watjen served as the executive vice president and chief financial officer of Provident Companies from 1994 to 1999, when it merged with Unum. [3] He succeeded J. Harold Chandler as the chief executive officer of Unum in 2003, and he served until 2015. [2] [4] He was also the chairman from 2015 to 2017. [1]

Watjen has served on the board of directors of SunTrust Banks since April 2010. [2] [5] He has also served on the board of Prudential plc since July 2017. [3]

SunTrust Banks American bank

SunTrust Banks, Inc. is an American bank holding company. The largest subsidiary is SunTrust Bank. It had US$199 billion in assets as of March 31, 2018. SunTrust Bank's most direct corporate parent was established in 1891 in Atlanta, where its headquarters remain. On February 7, 2019, it was announced that SunTrust Banks would be bought by BB&T for $28 billion in an all-stock deal, creating the sixth largest U.S. lender in the biggest bank deal since the 2007-2009 financial crisis.

Prudential plc British multinational life insurance and financial services company

Prudential plc is a British multinational life insurance and financial services company headquartered in London, United Kingdom. It was founded in London in May 1848 to provide loans to professional and working people.

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References

  1. 1 2 3 "Unum Group (UNM:New York): Thomas Ros Watjen". Bloomberg. Retrieved April 6, 2018.
  2. 1 2 3 Pare, Mike (May 26, 2017). "Former CEO and Unum chairman Tom Watjen retires". Chattanooga Times Free Press. Retrieved April 6, 2018.
  3. 1 2 3 4 "Board of Directors: Tom Watjen". Prudential plc. Retrieved April 6, 2018.
  4. Malek, Mitra (February 3, 2015). "Unum bids farewell to longtime CEO Tom Watjen". Chattanooga Times Free Press. Retrieved April 6, 2018.
  5. "Board of Directors". SunTrust Bank. Retrieved April 6, 2018.