Pacific Life Insurance Company's General Counsel to Retire after 30 Years of Service by LawCrossing


More Info

GCC NEWS FEATURE                                                                                    1. 800.973.1177

Pacific Life Insurance Company’s General Counsel to Retire after 30 Years of
[By Brooke Heath]
Tuesday, August 28, it was announced that David Carmichael, general counsel for Pacific Life Insurance Company, will be replaced by Sharon Cheever.
Effective January 1, 2008, Cheever will replace Carmichael, who will be retiring after working for the company for 30 years, according to a press release
from Pacific Life.

For the past 5 years, Carmichael has               implementations for the company. Before              including annuities, college savings funds,
served as general counsel for Pacific               joining the company in 986, Cheever                 mutual funds, life insurance, and retirement
Life, overseeing all legal aspects of the           graduated from San Diego State University            annuities. According to the company’s
company’s business during what Pacific Life         and the University of San Diego School of            website, “Pacific Life counts more than
calls “a period of unprecedented growth.”           Law. After completing her education, she             half of the 50 largest U.S. companies as
During this time, the company changed               gained legal experience working as an                clients and is a member of the Insurance
from a mutual company to a mutual holding           associate for O’Melveny & Myers.                     Marketplace Standards Association (IMSA),
company and saw “rapid gain in assets under                                                              whose membership promotes high ethical
management.”                                        “Sharon possesses the knowledge and                  standards for the sale of individual life
                                                    understanding of the key legal issues our            insurance and annuities.”
Jim Morris, president and CEO of Pacific Life       company faces on a daily basis,” said Jim
Insurance Company, said, “Dave has been             Morris, president and CEO of Pacific Life.           On the net
a key advisor to Pacific Life’s management          “I look forward to working with her more
and board of directors and has represented          closely as Pacific Life continues to grow.”          Press Release from Pacific Life
the company in leadership roles in several                                                     
state and national industry organizations.          According to a recent press release from             index.jsp?ndmViewId=news_view&newsId=20
He has done an extraordinary job for Pacific        Pacific Life, Cheever has provided “legal            070828005952&newsLang=en
Life, and I wish him a rewarding and relaxing       oversight for the formation of PIMCO
retirement.”                                        Advisors, LP, the sale of PIMCO Advisors,            Pacific Life’s Homepage
                                                    LP, to Allianz, and the acquisition of Aviation
Sharon Cheever, Carmichael’s replacement,           Capital Group.”
has been with Pacific Life for 2 years,
dealing with various acquisitions and               Based in Newport Beach, California, Pacific
dispositions, investments, strategic                Life Insurance Company was founded in
initiatives, and investment product                 868. Pacific Life offers insurance products,


To top