Church Pension Group Appoints Francis P. Armstrong Chief Operating Officer

Replaces Outgoing COO Jim Morrison, Who Retired After 15 Years of
Service

NEW YORK–(BUSINESS WIRE)–The
Church Pension Group (CPG), a provider of employee benefits,
property and casualty insurance, and published works to the institutions
and individuals that comprise The Episcopal Church, today announced the
appointment of Francis “Frank” P. Armstrong as Executive Vice President
and Chief Operating Officer (COO). In this role, he will be responsible
for providing strategic leadership and direction for all client-facing
programs and business operations. He will report directly to CPG Chief
Executive Officer and President Mary
Kate Wold. He replaces former COO Jim Morrison, who recently retired
after 15 years of outstanding service to CPG.

“Frank has been involved with our work, and has been an important part
of the CPG leadership team, for many years,” said Ms. Wold. “This
appointment will ensure a seamless transition as we continue to focus on
providing our clients with a comprehensive set of products and services
designed to suit the unique needs of those we serve. Building on the
work Jim started, Frank will continue to push us forward so we can
continue to meet the needs of the changing Church.”

Prior to his appointment, Armstrong served as Senior Vice President,
Benefits Policy, and Chief Actuary of CPG since 2011. Before CPG, he
served as a Managing Principal and Practice Leader for the Eastern
Region for Hewitt Associates’ Health Management Practice, where he
served as lead consultant to CPG. Prior to this, he was an actuarial
consultant for Buck Consultants and an actuarial associate for US Life
Insurance Company.

He is a Fellow of the Society of Actuaries and a Member of the American
Academy of Actuaries. He holds a BA from Rutgers University.

“We feel very fortunate to have been able to fill the role of COO with
someone as talented as Frank,” Ms. Wold continued. “As he was recruited
and trained by Jim, I have every confidence that he will continue the
tradition of compassionate yet fiscally sound service to the Church.

“I want to thank Jim for his efforts over the past 15 years. He was
instrumental in the creation of various service models that have allowed
us to operate more effectively and provide the best possible experience
to our clients. Jim is a tremendous colleague and friend, and we wish
him the very best in his retirement.”

About The Church Pension Fund

The Church Pension Fund (CPF) is an independent organization affiliated
with The Episcopal Church with approximately $12 billion in assets. CPF
and its affiliated companies, collectively the Church Pension Group
(CPG), provides retirement, health and wellness, and life insurance
benefits to clergy and lay employees of The Episcopal Church. CPG also
offers property and casualty insurance, as well as book and music
publishing, including the official worship materials of The Episcopal
Church. Its affiliated companies include Church
Life Insurance Corporation, The
Episcopal Church Medical Trust, The
Church Insurance Companies, and Church
Publishing Incorporated. Learn more at cpg.org.

Contacts

The Church Pension Group
C. Curtis Ritter, 212-592-1816
Senior
Vice President of Corporate Communications
critter@cpg.org