Manulife Financial Corp. president and chief executive officer Donald Guloien has announced a plan to retire as of Sept. 30.

With the move to retire, Roy Gori, who will become Manulife’s president on June 5, will succeed Guloien as chief executive officer and join the company’s board of directors as of Oct. 1.

“Donald has had a respected career at Manulife over the course of 36 years and will leave a lasting legacy on the company,” said board chair Richard DeWolfe in a news release. “Under his strong leadership, Manulife has dramatically grown its earnings, expanded its Asia and wealth and asset management businesses, delivered significant shareholder value and rallied around the purpose of helping its 22 million customers achieve their dreams and aspirations.”

Read: Manulife appoints Roy Gori as president

Gori joined Manulife from Citigroup Inc. in early 2015. On March 29, Manulife announced he would become Manulife’s president on June 5. Gori currently serves as senior executive vice-president and general manager of Manulife’s Asia division. As president, he’ll be responsible for Manulife’s Canadian, U.S., Asian and investment operations.

“It’s a true honour to be appointed to lead Manulife — a strong, global organization with a tremendous history and quality people,” said Gori.

Copyright © 2021 Transcontinental Media G.P. Originally published on

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