Provident Mutual Life Insurance Company Promotes Sarah Lange to Chief Investment Officer.Business Editors BERWYN, Pa.--(BUSINESS WIRE)--April 6, 2000 Provident Mutual Life Insurance Company announced today that Sarah Coxe Lange, CFA (Computer Fraud and Abuse Act of 1986) Signed into law in 1986, the CFA was a significant step forward in criminalizing unauthorized access to computer systems and networks. The Act applies to "federal interest computers" that include any system used by the U.S. , was promoted to Senior Vice President and Chief Investment Officer. Ms. Lange serves as President of Providentmutual Investment Management Company, which is the investment advisor for several of the Market Street Fund portfolios, and will continue to oversee the investment management of each of the Company's major product lines. "We're thrilled to have a top-notch investment manager like Sarah overseeing our investment operations," said Robert Kloss, Chairman of the Board, President and Chief Executive Officer of Provident Mutual. "She has helped the company build profitable growth and offer sound financial guidance to help satisfy our customers' needs." Ms. Lange has been with the company since 1983, when she began as an Assistant Investment Officer. She has also served as Assistant Vice President and Portfolio Manager. Her most recent post was Vice President and Head of Portfolio Management. Before joining Provident Mutual, Ms. Lange worked at Penn Mutual Life Insurance Company and Girard Bank. She is a Chartered Financial Analyst Chartered Financial Analyst (CFA) An experienced financial analyst who has passed examinations in economics, financial accounting, portfolio management, security analysis, and standards of conduct given by the Institute of Chartered Financial Analysts. and past President of the Philadelphia Financial Analysts Society, holds an executive MBA MBA abbr. Master of Business Administration Noun 1. MBA - a master's degree in business Master in Business, Master in Business Administration from Baruch College and a BA in Economics from Dickinson College. Headquartered in Berwyn, PA, and licensed in all states and the District of Columbia District of Columbia, federal district (2000 pop. 572,059, a 5.7% decrease in population since the 1990 census), 69 sq mi (179 sq km), on the east bank of the Potomac River, coextensive with the city of Washington, D.C. (the capital of the United States). , Provident Mutual Life Insurance Company is a progressive insurance and financial services company, providing individual life insurance to protect families, estates and businesses and fund qualified plans. Provident Mutual and its subsidiaries had over $43 billion of life insurance in force, consolidated GAAP GAAP See: Generally Accepted Accounting Principles GAAP See generally accepted accounting principles (GAAP). assets totaling $9.2 billion and consolidated GAAP liabilities totaling $8.3 billion as of December 31, 1999. Provident Mutual Life Insurance Company and Providentmutual Life and Annuity Company of America are members of the Insurance Marketplace Standards Association (IMSA IMSA Illinois Mathematics and Science Academy IMSA International Motor Sports Association IMSA Insurance Marketplace Standards Association IMSA International Municipal Signal Association IMSA Illinois Mini Storage Association IMSA Institute of Marine Safety Auditors ). IMSA members have adopted policies and procedures Policies and Procedures are a set of documents that describe an organization's policies for operation and the procedures necessary to fulfill the policies. They are often initiated because of some external requirement, such as environmental compliance or other governmental that demonstrate a commitment to honesty, fairness and integrity in all customer contacts involving sales and service of individual life insurance and annuity products. |
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