Crump Group, Inc. has appointed Scot Parnel as its new Executive Vice President and Chief Financial Officer. Parnel succeeds Dave Obenauer who is now the President of the company’s Property & Casualty Insurance Services division. The appointment will be effective on February 16, 2010.
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Parnell previously served as the chief financial officer of The Student Loan Corporation (NYSE:STU). He first joined the company in 2001 and was promoted to the position of CFO in 2008. Prior to STU, Mr. Parnell served MetLife and Browning Ferris Industries. His professional career began with Arthur Anderson.
Crump Group, Inc. is the largest wholesale insurance distributor in the United States, and through its Ascensus division (www.ascensus.com) is the largest independent U. S. provider of recordkeeping and support services to company-sponsored retirement plans in the micro to large segments of the market. Its Property & Casualty Insurance Services division (www.crumpins.com; www.5starsp.com) is among the largest U. S. providers of wholesale brokerage and specialty programs to the commercial property and casualty insurance industry. Crump Life Insurance Services (www.crumplifeinsurance.com) is among the largest wholesale distributors of services that support the sale of life related insurance and annuity products.
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