Mark Phelan to leave Nationwide Financial
FOR IMMEDIATE RELEASE
October 24, 2006
Jeff Whetzel 614-249-6354
Jeff Botti 614-249-6339
COLUMBUS, Ohio — Nationwide Financial Services, Inc. (NYSE: NFS) today announced that Mark Phelan, senior vice president of the Individual Investments Group, has decided to leave Nationwide and retire from corporate life, effective year-end, to pursue personal interests.
Phelan, 52, joined Nationwide in 1998 as senior vice president of technology operations and later became president of Nationwide Services Company. In 2001 he joined Nationwide Financial as senior vice president of operations and technology. He became senior vice president of Nationwide Financial’s Individual Investments Group in May 2004.
Before joining Nationwide, Phelan held positions with IBM, AT&T and CheckFree Corporation.
“While I tremendously enjoyed my work at Nationwide for the past eight years, what I’ll miss most is the outstanding group of people I’ve had the pleasure of working with,” Phelan said. “At the same time, after 30 years of working in corporate America, it’s time for me to explore other avenues in life, including spending more time on charitable work and possibly pursuing self-employment.”
Mark R. Thresher, president and chief operating officer of Nationwide Financial, said: “The progress our Individual Investment Group has made is a credit to Mark’s leadership, and his dedication and commitment to Nationwide speaks for itself. While we’ll miss Mark’s passion, enthusiasm and ability to bring out the best in those he works with, we wish him all the best.”
Thresher said the company will immediately begin an internal and external search for Phelan’s replacement.
About Nationwide Financial®
Nationwide Financial Services, Inc. (NYSE: NFS), a publicly traded company based in Columbus, Ohio, provides a variety of financial services that help consumers invest and protect their long-term assets, and offers retirement plans and services through both public- and private-sector employers.
It’s part of the Nationwide group of companies, which offers diversified insurance and financial services. The group is led by Nationwide Mutual Insurance Company, which is ranked No. 98 on the Fortune 100 based on 2005 revenue.i For more information, visit www.nationwide.com
i Fortune Magazine, April 2006