Lincoln Financial Group Adds Deirdre Connelly To Its Board

Lincoln Financial Group LNC revealed Tuesday that Deirdre Connelly was elected to serve on its Board of Directors. According to the company, Connelly served between February 2009 and February 2015 as president of North American Pharmaceuticals at GlaxoSmithKline.

Lincoln said that before joining GlaxoSmithKline, she was with Eli Lilly for 26 years, culminating with her role as president of U.S. Operations from June 2005 to January 2009. Currently, Connelly currently sits on the board of Macy's since 2008.

The company's chairman, William Cunningham, commented, "Deirdre is an accomplished business leader with a proven track record of effective executive leadership. I know I speak for my colleagues when I say that we could not be more pleased that Deirdre has joined the Lincoln Board, and we look forward to her many contributions."

Similarly, its President and CEO, Dennis Glass, remarked, "Deirdre has extensive experience which will add to that of our existing directors, further strengthening our already high-quality board. Our board makes significant contributions which help to build long-term shareholder value."

Between 2006 and 2014, Connelly was recognized by Fortune magazine as one of the 50 most powerful women in business. She was appointed to the President's Commission on White House Fellowships, a prestigious annual program that fosters leadership and public service, in 2008.

Shares of the company traded 1.23 percent down on Tuesday.