01/18/2021 | Press release | Distributed by Public on 01/18/2021 11:15
PORTLAND, Ore. - Standard Insurance Company (The Standard) has promoted Liz Fouts to vice president, chief legal officer and corporate secretary. In her new role, Fouts will be responsible for the Legal and Compliance department at The Standard as well as operating as the StanCorp Financial Group, Inc., corporate secretary.
Fouts brings more than 20 years of legal experience to her role. Since joining The Standard in 2008, Fouts has held several legal positions including advising on employment and privacy matters as an attorney in the Corporate Legal Department, handling insurance litigation for the Insurance Services Group Legal Department and managing legal and compliance for Retirement Plans and Individual Annuities. In 2019, she was promoted to assistant vice president and associate counsel for Legal and Compliance.
Prior to joining The Standard, Fouts was in-house counsel for ALL Student Loan, a nonprofit student lender. She began her legal career practicing as a litigator and business attorney in the San Francisco Bay Area.
'Liz has deep legal expertise, keen business knowledge and a passion for doing the right thing,' said Greg Ness, chairman and chief executive officer at The Standard. 'I look forward to the many contributions she will make in the years to come.'
Fouts earned a bachelor's degree in criminal justice from California State University Sacramento and a Juris Doctor degree from University of San Francisco School of Law.
About The Standard
The Standard is a family of companies dedicated to helping customers achieve financial well-being and peace of mind. In business since 1906, we are a leading provider of financial protection products and services for employers and individuals. Our products include group and individual disability insurance, group life, dental and vision insurance, voluntary (employee-paid) benefits, absence management services, and retirement plans and annuities for employers and individuals. For more information about The Standard, visit standard.com or follow us on Facebook, Twitter or LinkedIn.
The Standard is the marketing name for StanCorp Financial Group, Inc., and its subsidiaries: Standard Insurance Company, The Standard Life Insurance Company of New York, Standard Retirement Services, Inc., StanCorp Mortgage Investors, LLC, StanCorp Investment Advisers, Inc., StanCorp Real Estate, LLC, and StanCorp Equities, Inc.
Bob Speltz, Senior Director, Community Relations
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At The Standard, we've been helping people achieve financial well-being and peace of mind since 1906. As the global health crisis continues to disrupt lives, communities and the economy, I am confident we'll continue helping people when they need us the most. Our company has been through hard times and market volatility before and we will navigate through this challenge as well. As our customers face tremendous stress and uncertainty, we will continue providing support and stability to those who rely on our products and services.
This pandemic is tough on everyone. Our communities are hurting, our families and friends are distressed and some of our most vulnerable neighbors are at risk.
The crisis and the way we collectively respond to it will define a generation. We are rising to the challenge. I know every single employee at our company - along with staying focused on keeping our business running and serving our customers - is looking for ways to make a difference for those most affected by this pandemic. That's proving true in businesses and homes across the community, the country and around the world.
Part of the tragedy of this disease is that even as we come together to help those most in need, the unique nature of COVID-19 is forcing us apart. We all understand the importance of -social distancing- to slow the spread, but we should remember that's just physical distancing. I encourage you to find ways to safely connect with those in your neighborhood who may require extra help and with groups in your community that are making a difference and support them however you can. And now is the perfect time to reach out to friends and others and just check in.
To our health care providers, first responders and everyone selflessly setting aside their own fears and concerns to help others during this time - thank you hardly seems enough. These people are true heroes. This crisis reinforces how reliant we are on the many essential services we too often take for granted. We are grateful to so many for continuing to show up with focus and commitment.
We will get through this, especially if we are sustained by the examples of those who make us the proudest right now - family, friends, neighbors and colleagues working together - rather than allowing our fears to guide us. No matter how unsettled we may feel, remember we are not alone. There are so many people in this world trying their level best to help others. And I am certain we will get through this - together.
In times of crisis, we are defined by how we react. Let's continue to be defined by compassion.
And to our customers, thank you for putting your trust in The Standard. What we sell is a promise to be there when you need us, and that promise is unwavering.
Be safe and well, and stay connected.
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