Rodney O. Martin, Jr.

November 11 - Rodney Martin headshot (330x400)Rodney O. Martin, Jr. is chairman and CEO of Voya Financial (NYSE: VOYA), which helps Americans plan, invest and protect their savings — to get ready to retire better.  Serving the financial needs of approximately 13 million individual and institutional customers in the United States, Voya is a Fortune 500 company that had $11 billion in revenue in 2014.  The company had $450 billion in total assets under management and administration as of September 30, 2015.

Martin is a veteran of the retirement, insurance and financial services industries with more than 40 years of high-profile experience.  He joined Voya as CEO in 2011 and, since then, has overseen a significant financial, operational and cultural transformation.

Under Martin’s leadership, Voya has achieved 400 basis points of improvement in Ongoing Business Adjusted Operating Return on Equity; generated strong growth in Ongoing Business operating earnings; returned more than $2 billion in excess capital to shareholders; doubled the market capitalization of the company; and fostered a OneVoya culture.  Voya successfully completed the necessary preparations for an initial public offering (IPO) on the New York Stock Exchange in May 2013 – one of the top performing IPOs of that year.

Prior to joining Voya, Martin held several leadership roles of increasing responsibility during a 10-year tenure at AIG.  He served as COO of AIG Worldwide Life Insurance; chairman and CEO of American Life Insurance Company (Alico); chairman of American International Assurance (AIA); and chairman of AIG’s international life and retirement services businesses.  Martin previously was president and CEO of American General Life Companies prior to its acquisition by AIG in 2001.  He began his career in 1975 as an agent with Connecticut Mutual Life Insurance Company, where he served more than 20 years, ultimately becoming president of Connecticut Mutual Insurance Services.

Martin received his bachelor’s degree in business administration from Alfred University.  He is a fellow, Life Underwriter Training Council, and has served on the boards of the American Council of Life Insurers and LIMRA.

Board Diversity by Design

A diverse Board of Directors, replete with members from differing ethnicities, professional backgrounds, genders and even education levels, is a stronger Board of Directors. With a homogeneous Board at the helm, an organization is far more susceptible to groupthink and equally likely to have blind spots. Voya Financial's CEO weighs in on the benefits of a diverse Board.

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