[Congressional Record Volume 163, Number 196 (Friday, December 1, 2017)]
[Extensions of Remarks]
[Page E1633]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]




             RECOGNIZING THE IMPACTFUL CAREER OF ED BONACH

                                 ______
                                 

                          HON. SUSAN W. BROOKS

                               of indiana

                    in the house of representatives

                        Friday, December 1, 2017

  Mrs. BROOKS of Indiana. Mr. Speaker, I rise today in recognition of 
Ed Bonach's retirement from an illustrious business career. Ed is a 
native of Minnesota who went to St. John's College, an all-male 
Catholic college in Collegeville, Minnesota. Ed has had a 41-year 
career in life and health insurance, and most recently served as chief 
executive officer of CNO Financial in Carmel, Indiana. Ed joined CNO 
Financial Group as Chief Financial Officer in 2007 from National Life 
Group, where he served as executive vice president and chief financial 
officer.
  Upon Ed's arrival, CNO Financial found itself in a time of severe 
economic struggle. Following the recession, CNO stock had plummeted to 
under 30 cents a share. Today, CNO stock trades at more than $25 
dollars a share. Additionally, in his time at CNO Financial, the 
company saw enhanced shareholder value, extended customer reach, and 
delivered strong financial and operational performance. Specifically, 
Ed oversaw 17 ratings upgrades as CEO/CFO, a total shareholder return 
of over 350 percent, increased gender and ethnic diversity to the board 
at CNO Financial, and the implementation of a common stock dividend in 
2012, which resulted in five subsequent increases.
  Ed's professional accomplishments are second only to his positive 
influence on our community. After relocating to Carmel from Vermont, he 
immediately set out to find organizations to support--along the way 
making connections with key community leaders to reassure them about 
the company's future and make himself accessible. Specific achievements 
include helping launch the Boys Scout's Growing Future Leaders capital 
campaign to fundraise for scouting and using the CNO Indy Monumental 
Marathon as a pipeline for shoe donations to the Boy Scouts's Soles 4 
Souls program for needy children. Ed also served as Board and Executive 
Committee Member for Greater Indianapolis Chamber of Commerce, Board 
Member and President of Boy Scouts of America--Crossroads of America 
Council, and a Board Member for Marion University to name a few.
  CNO Financial prides itself on being a valued financial security 
partner of middle-income America, and Ed embodied that to the fullest. 
He understood that he didn't just oversee an insurance company, he and 
the thousands of employees at CNO Financial provided clients and their 
families services and products that provide peace of mind. I want to 
extend my best wishes to Ed, his wife of 40 years, Peggy, his two 
children, and five grandchildren on this next step in their lives. On 
behalf of all Hoosiers, I thank Ed for his professional contributions 
as well as his exemplary service and leadership in our community.

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