Aflac President Frederick Crawford to retire September 30, 2024
Aflac's President and Chief Operating Officer Frederick Crawford signed an employment letter agreement on October 30, 2023, setting his retirement as an employee for September 30, 2024. He will remain President and COO through December 31, 2023, then serve as Executive Vice President until he retires.
- Crawford remains President and COO through December 31, 2023, then becomes Executive Vice President from January 1, 2024.
- His annualized base salary is $997,500 from October 30, 2023 through September 30, 2024.
- Crawford will not receive future equity grants; 2022 and 2023 performance-based restricted stock grants vest in February 2025 and February 2026, based on actual performance.
- His Executive Deferred Compensation Plan account becomes fully vested on retirement, and he receives a $36,537 lump sum toward COBRA coverage for 18 months.