Unum executive to retire

Unum Group said Thursday that one of its top executives will depart the insurance company.

By Associated Press | May 23, 2013 at 07:49 AM

PORTLAND, Maine — Unum Group said Thursday that one of its top executives will depart the insurance company.

The company said that Kevin McCarthy, chief operating officer of the company and CEO of its Unum US operating unit, plans to retire in the first quarter of 2014. He is stepping down from his role as CEO of Unum US in July, while maintaining his position as chief operating officer of Unum Group.

Michael Simonds, currently chief operating officer of Unum US, will succeed McCarthy as CEO of that unit.

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