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AI brief of an SEC Form 8-K · Jackson Financial (JXN)

Jackson Financial says PPM America CEO Craig Smith to retire December 31, 2025

Neutral Impact 3 of 5 leadership Written later

Craig Smith, President and CEO of PPM America, Jackson Financial's asset management subsidiary, intends to retire effective December 31, 2025, after nearly 20 years of service. Christopher A. Raub, President of Jackson National Life Insurance Company, will serve as interim leader of PPM while a successor is searched for. The filing also discloses the retirement agreement of former CFO Marcia Wadsten, which includes payments in Jackson Financial shares tied to performance metrics.

Key points

  • Craig Smith intends to retire as PPM America President and CEO effective December 31, 2025.
  • Christopher A. Raub, President of Jackson National Life Insurance Company, will serve as interim PPM leader and keep his current role.
  • PPM had $83.51 billion in assets under management as of June 30, 2025.
  • Marcia Wadsten's last day as senior advisor was September 26, 2025; her retirement agreement is dated October 7, 2025 and includes long-term incentive payments in common stock contingent on performance metrics.

The filing

CompanyJackson Financial (JXN)
Form8-K, current report
Filed with the SECOct 8, 2025, 4:20 PM ET
Accession number0001104659-25-097931

Items reported: 5.02 Director / Officer Change7.01 Regulation FD Disclosure

Read the filing on SEC.gov ↗

Written by AI on Nov 8, 2026, 1:17 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on October 08, 2025.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.