Last week, the Board of Trustees of The Penn Mutual Life Insurance Co. announced that Eileen McDonnell has been appointed to chairman in addition to her role as president and CEO, effective July 1. In her new role as chairman, she is succeeding Robert Chappell.

“Eileen’s impact on Penn Mutual in her five years with the company has been outstanding,” said Chappell, who is retiring from the chairmanship after 17 years but will remain on the board as a trustee. “As with her transition to CEO a few years ago, I know that her transition to chairman will be a smooth one. She and the executive team have done a great job in advancing Penn Mutual’s strategy, and I have no doubt that as chairman of the board, she will continue leading Penn Mutual to an optimistic future.”

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