Cornelio’s New Digital Life

Chuck Cornelio has made his mark at Greensboro, N.C.-based Jefferson Pilot Financial ($4.1 billion in revenue) by driving the vision of a "digital life company" - a paperless environment with data and application reuse and straight-through processing. Now, he will practice what he preached as the new head of IT for Lincoln Financial Group, a new entity planned to launch with the completion of the $7.5 billion acquisition of Jefferson Pilot by Philadelphia-based Lincoln National Corp. ($5.4 billion in revenue) in the first quarter of 2006.

Lincoln National CEO Jon Boscia has pointed to the merging companies' complementary business line characteristics, but neither organization will comment on whether technology advantages on the Jefferson Pilot side drove the elevation of Cornelio to the top technology spot. It's possible that Cornelio's reputation has played a role, according to Donald Light, an analyst with Celent Communications. "It's a relatively rare IT organization that can say, 'Here's where we want to go and why, here's what we've already done, and here's what we're going to do.' And I think Cornelio has been able to do just that at Jefferson Pilot."

On The Net

www.lfgjpmerger.com/bios/index.html
www.jpfinancial.com
www.celent.com

Anthony O'Donnell has covered technology in the insurance industry since 2000, when he joined the editorial staff of Insurance & Technology. As an editor and reporter for I&T and the InformationWeek Financial Services of TechWeb he has written on all areas of information ... View Full Bio