American Enterprise Appoints New Members to the Board of Directors
American Enterprise Group, Inc. (AEG) is pleased to announce the appointment of two new members to the American Enterprise Mutual Holding Company Board of Directors, the parent company of AEG. Kathy Redgate and Terry Lillis have joined the Board of Directors after being appointed at the organization’s Annual Meeting, which was held in March 2020.
“We are pleased to announce the addition of these dynamic leaders to our Board of Directors,” said Tom Swank, CEO of American Enterprise. “The Board considered a number of highly qualified candidates and determined the knowledge, experience, and strategic insights that both Kathy and Terry could provide were an excellent fit for our company. We look forward to leveraging their insights and expertise to help us to continue to transform and grow our business.”
As a new director, Kathy Redgate offers more than 33 years of broad-based, global business experience, including executive-level positions at Global Atlantic Financial Group Limited and Goldman Sachs. Through these leadership roles and others, she has a proven track record in the areas of operations, technology, digital strategy, infrastructure, project management, and more.
Most recently Redgate was the EVP, Advisor to the CEO for Global Atlantic Financial Group Limited. She joined the company in 2006 and also held the positions of Chief Operating Officer, Chief Administrative Officer, and serving as a member of the Executive Committee. During her tenure she worked on several large acquisitions and helped significantly increase the company’s assets to more than $75 billion under management.
From 2000 to 2006, Redgate held a number of leadership roles at Goldman Sachs, including Director of the Executive Office Client Service Group and key positions on the company’s private equity fund and securities division management teams. Before joining Goldman Sachs, Redgate spent 13 years serving in the U.S. Government, as a U.S. State Department Diplomat in Croatia, Washington, D.C., and Colombia, and as an Intelligence Analyst.
Redgate holds a B.A. in history from Boston College, where she graduated magna cum laude and phi beta kappa.
Terry Lillis, who spent the last 35 years at Principal Financial Group, also offers a wealth of valuable business experience in his new role as a director.
Lillis joined Principal in 1982 as an actuarial student and proceeded to hold a number of senior actuarial, risk management, and product pricing roles before being named Chief Financial Officer (CFO) in 2008. As CFO, Lillis was responsible for the financial integrity, sustainability, and well-being of Principal. During his tenure as CFO, the company became a leading, global financial services company with operations in over 11 countries and clients in more than 75 countries, with more than $12 billion in revenues and net income over $1.3 billion. At the time of his retirement from Principal in 2017, he was Executive Vice President and Chief Financial Officer, a position he had held since 2014.
While at Principal, Lillis was named the 2014 Deloitte CFO of the Year. He also currently serves on several boards, including the Citizens Financial Group, Mercy Medical Center, and the Simpson College Board of Trustees.
An Iowa native, Lillis served in the U.S. Army in the Republic of Korea before receiving his B.A. in mathematics from Simpson College. He also holds a master’s degree in actuarial science from the University of Iowa and is a member of the American Academy of Actuaries and the Society of Actuaries.
“Kathy and Terry are outstanding individuals and firm believers in American Enterprise’s mission, values, and customer-focused approach to business. They will play an important role in helping us execute our vision and overall goals in the future,” said Swank. “Given their impressive backgrounds and experiences, their appointment as directors is representative of American Enterprise’s ongoing efforts to enhance the Board and management team, as well as strengthen our operational and go-to-market strategies.”
The Board also released its 2019 Annual Report at the Annual Meeting, highlighting another strong year of financial performance and accomplishments. A copy the 2019 Annual Report can be viewed here.