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    SLF   CA8667961053

SUN LIFE FINANCIAL INC.

(SLF)
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Jacques Goulet, President of Sun Life Canada, named CEO of the Year - Large Business category

11/24/2021 | 12:25pm EST

Les Affaires CEO of the Year Awards

MONTRÉAL, Nov. 24, 2021 /CNW/ - Sun Life Financial Inc. (TSX: SLF) (NYSE: SLF) is pleased to congratulate Jacques Goulet, President of Sun Life Canada, on being named CEO of the Year in the Large Business category by Les Affaires business magazine. The awards recognize CEOs and executives whose leadership inspires their teams and drives their company's business growth. In the midst of pandemic upheavals and the current economic recovery, Jacques made an impact throughout the year with the many initiatives he introduced, particularly in the area of mental health. 

An inspiring leader and mental health champion
Jacques joined Sun Life as President, Sun Life Canada in 2018. Originally from Shawinigan and an actuary by training, he held a variety of leadership roles in Canada, Europe and the United States at a major consulting firm before joining Sun Life. Jacques returned to Canada as President of Sun Life Canada to guide the organization in its purpose of helping Quebecers and Canadians achieve lifetime financial security and live healthier lives.

In winning CEO of the Year honours, Jacques stood out for the mental health strategy he initiated across the company and for reinforcing the importance of a healthy workforce. There are three pieces to the mental health commitment: supporting employee well-being at Sun Life with practical measures, mobilizing the business community around workplace mental health, and sponsoring organizations and events that promote mental health.

"The judges were very impressed with Sun Life's human resources policies. The mental health strategy that the company put in place during the COVID-19 pandemic is very comprehensive and is designed to help employees, students and business leaders alike," explains Jean-Paul Gagné, chair of the selection committee. "It is based on eight practical measures aimed at both preventing mental illness and getting employees back to work. Employees have access to psychologists, personal coaches and speakers, and can connect with therapy and telemedicine services."

Sun Life employees are more engaged than ever
In 2021, employee engagement at Sun Life increased six percent compared to 2019. Part of this increase can be attributed to the efforts Jacques and his team mobilized from the start of the pandemic to support employees leading to greater engagement at work and higher employee loyalty.

In the midst of the COVID-19 pandemic, Jacques used various approaches to learn about issues affecting employees' mental and physical health. Employees continue to be surveyed to better understand their needs. Jacques initiated virtual "Ask Me Anything" information sessions on a regular basis, providing an opportunity for dialogue on important issues such as mental health, resilience, and racial injustice.

Under Jacques' leadership, Sun Life also introduced pandemic employee support such as doubling personal emergency days from five to 10, adding three wellness days, allowing flexible work schedules, and setting up a parent support network, among other measures. 

Sun Life's financial performance
With Jacques at the helm of Sun Life Canada, the company's earnings growth has doubled, outpacing those of its major competitors since 2018, driven by strong, balanced and sustainable growth across its Canadian businesses.

"Jacques is a purpose-driven leader with an ability to make bold decisions," said Kevin Strain, President and CEO of Sun Life. "Jacques accelerated our focus on virtual health, digital solutions and new tools for advisors. He has also championed mental health with a focus on helping Canadians live healthier lives. His bold leadership reflects Sun Life's strong commitment to our Clients, communities and colleagues."

About Sun Life 
Sun Life is a leading international financial services organization providing a diverse range of insurance, wealth and asset management solutions to individual and corporate Clients. Sun Life has operations in a number of markets worldwide, including Canada, the United States, the United Kingdom, Ireland, Hong Kong, the Philippines, Japan, Indonesia, India, China, Australia, Singapore, Vietnam, Malaysia and Bermuda. As of September 30, 2021, Sun Life had total assets under management of $1.39 trillion. For more information, please visit www.sunlife.com. 

Sun Life in the community 
Sun Life is committed to building sustainable, healthier communities for life. Community wellness is an important part of its sustainability commitment. By actively supporting the communities in which Sun Life lives and works, the organization can help build a positive environment for Clients, employees, advisors and shareholders. Its philanthropic support focuses on health, with an emphasis on diabetes awareness, prevention, and care initiatives. Mental health is also a key priority, with support for programs and organizations with an emphasis on building resilience and coping skills.

Sun Life also partners with sports properties in key markets to further its commitment to healthy and active living. Its employees and advisors take great pride in volunteering close to 12,000 hours each year and contribute to making life brighter for individuals and families across Canada.

Note to editors: All figures in Canadian dollars

Media Relations Contact:
Mylène Bélanger
Manager
Public Relations
T. 438-341-3884     
mylene.belanger@sunlife.com

SOURCE Sun Life Financial Canada

© Canada Newswire, source Canada Newswire English

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Sales 2021 34 224 M 26 859 M 26 859 M
Net income 2021 3 854 M 3 024 M 3 024 M
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Yield 2021 3,21%
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Capi. / Sales 2022 1,17x
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Mean consensus OUTPERFORM
Number of Analysts 14
Last Close Price 70,37 CAD
Average target price 77,73 CAD
Spread / Average Target 10,5%
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Managers and Directors
Kevin D. Strain President, Chief Executive Officer & Director
Manjit Singh Chief Financial Officer & Executive Vice President
William D. Anderson Chairman
Laura Money Chief Information Officer & EVP
Kent Savage Chief Compliance Officer & Senior Vice President
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