Thrivent Financial Promotes Moret, Sorum; Executives Recognized for Leadership in Organizational Transformation.Business Editors MINNEAPOLIS--(BUSINESS WIRE)--May 9, 2003 Thrivent Financial for Lutherans Thrivent Financial for Lutherans (first word pronounced "THRIVE-int" — or more precisely, alluding to contractions, "thrive—n't"; IPA pronunciation: /ˈθɹaɪvɘnt/ (TM) announced today the promotion of two senior executives - Pamela J. Moret to executive vice president of Marketing and Products, and Nikki L. Sorum to senior vice president for Business Development. The promotions recognize the major contributions each has made in enhancing Thrivent Financial's products and marketing. "Over the past year, the efforts of Pam and Nikki have moved Thrivent Financial toward better member engagement through new and improved products and marketing processes," said Bruce Nicholson, Thrivent Financial president and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. . "These promotions acknowledge their large responsibilities in building the right products and services to meet the expanding needs of our Lutheran market." Moret joined Thrivent Financial as senior vice president of Marketing and Products in January 2002. A member of the executive management team, Moret oversees Thrivent Financial's product development, product management, brand development, advertising, marketing communication and market research functions. Prior to joining Thrivent Financial, Moret served as CEO of IDS Life Insurance Company and senior vice president of products for American Express Financial Advisors. Sorum joined Thrivent Financial in March 2002 as group director of New Business Ventures. She develops, selects and manages the sale and distribution of non-Thrivent Financial products, leads the rapidly expanding advice services and also directs the Financial Consulting Group, a national group composed of Thrivent Financial's top-performing financial associates. Sorum also coordinates the many elements of Thrivent Financial's recently announced Strategy Project, which is designed to grow the business, ensure competitiveness and reduce expenses. Prior to joining Thrivent Financial, Sorum served as senior vice president for RBC RBC red blood cell. RBC or rbc abbr. red blood cell RBC, n See red blood cell count. RBC red blood cells; red blood (cell) count (see blood count). Dain Rauscher. "The Thrivent Financial board of directors values the significant contributions that Pam and Nikki have provided the organization in terms of both demonstrated leadership and results," said John Gilbert, Thrivent Financial's chairman of the board. "Their work will continue to shape our new organization as it strives to be the financial services organization of choice for Lutherans." Both Moret and Sorum are active in the community. Moret serves on the boards of Minnesota Public Radio Minnesota Public Radio (MPR) is a regional public radio network based in the U.S. state of Minnesota that has been broadcasting since 1967. The network includes more than 50 FM transmitters ranging from low-power translators in small and hard-to-reach areas up to full-power and Lutheran World Relief Lutheran World Relief (LWR) is an international nonprofit organization and a ministry of the Evangelical Lutheran Church in America and the Lutheran Church—Missouri Synod. It is headquartered in Baltimore, Maryland. and is a member of the public relations public relations, activities and policies used to create public interest in a person, idea, product, institution, or business establishment. By its nature, public relations is devoted to serving particular interests by presenting them to the public in the most council of the American Council of Life Insurers The American Council of Life Insurers (ACLI) is a Washington-based lobbying and trade group for the life insurance industry. ACLI represents 373 insurance companies that account for 93 percent of the U.S. life insurance industry's total assets. and the Minnesota Women's Economic Roundtable. She also chairs Thrivent Financial's education and youth philanthropy committee. Sorum serves on the boards of The Guthrie Theater and Greenspring, the parent company of Minnesota Monthly Publications and the MNN MNN Manhattan Neighborhood Network (Public Access TV) MNN Mountain Network News MNN Minnesota News Network (Milwaukee, MN) MNN Modular Neural Network(s) Radio Network. In addition, she is a member of the Hennepin County Medical Center Hennepin County Medical Center (HCMC) is a Level I trauma center based in Minneapolis, Minnesota, the county seat of Hennepin County. The primary 422-bed facility is located on five city blocks across the street from the Hubert H. governance task force. Both Moret and Sorum also are active members of their Lutheran congregations. Thrivent Financial for Lutherans is a not-for-profit Fortune 500 financial services organization helping nearly 3 million members achieve their financial goals. Thrivent Financial offers a wide range of financial solutions and has $57.0 billion (March 31, 2003) in assets under management Assets Under Management (AUM) is a term used by financial services companies in the mutual fund and money management or investment management business to gauge how much money they are managing. . For more than 100 years, Thrivent Financial has provided gifts and grants to Lutherans, their families, institutions and communities. For more information, visit www.thrivent.com. |
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