Management ChangeMay 27, 2026, 08:07 AM
Kemper Appoints Stephen J. McAnena as President & CEO, Adds Tony DeSantis to Board
AI Summary
Kemper Corporation announced the appointment of Stephen J. McAnena as its new President and Chief Executive Officer, effective June 1, 2026. Mr. McAnena will also join the Board of Directors, while Interim CEO C. Thomas Evans, Jr. will return to his role as Executive Vice President, Secretary, and General Counsel. Concurrently, Tony DeSantis was elected as an independent non-employee director, bringing over 40 years of insurance experience. The company also adopted an Executive Severance Plan for key management employees, outlining compensation details for the new CEO.
Key Highlights
- Stephen J. McAnena appointed President and CEO, effective June 1, 2026.
- McAnena also joins Kemper's Board of Directors.
- Interim CEO C. Thomas Evans, Jr. returns to EVP, Secretary, and General Counsel.
- McAnena's compensation includes $1,000,000 annual base salary and 150% target bonus.
- McAnena receives a $150,000 cash sign-on bonus and $3,500,000 in equity awards.
- Tony DeSantis elected independent non-employee director, effective June 1, 2026.
- DeSantis appointed to the Audit and Risk Committees.
- Kemper adopted an Executive Severance Plan for key management employees.
Price Impact
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