Mary Frances Miller took office as president of the American Academy of Actuaries on Monday, according to a statement from the professional association.
Ms. Miller, a consulting actuary with Select Actuarial Services, was elected by the academy’s board of directors as president-elect in October 2009. She replaced Kenneth F. Hohman, who became immediate past president. Mr. Hohman is a principal and consulting actuary with Bryan Pendleton Swats & McAllister, an employee benefits consulting firm, according to Andrew Simonelli, the academy’s assistant director of communications for public affairs.
David Sandberg. vice president and corporate actuary with Allianz Life Insurance of North America, was elected by the board last month to succeed Ms. Miller as president-elect.
Ms. Miller and Messrs. Hohman and Sandberg all serve on the academy’s 11-member executive committee and 29-member board of directors.
Mr. Hohman replaced John Parks, a retired actuary, who became penultimate past president and still remains on the board. Mr. Parks replaced William Bluhm, principal with Milliman, whose term on the board ended.
The term of their posts, all unpaid and part time, is one year.
The 17,000-member association promotes public policy on actuarial-related issues, as well as sets professional standards for actuaries in the U.S.