Senior Management

Heather Lavallee is chief executive officer, and a board member, of Voya Financial, Inc. (NYSE: VOYA), which helps Americans become well planned, well invested and well protected.

With 30 years of experience in the financial services industry, Lavallee is a collaborative leader who excels in building high-performing businesses. Prior to assuming her current roles, Lavallee served as the company’s president and CEO-elect, overseeing Voya’s Workplace Solutions and Investment Management businesses, as well as Voya’s technology and data organizations, strategy and risk teams.

Previously at Voya, Lavallee served as CEO of Voya’s Wealth Solutions business where she led its customer experience and profitable growth — delivering planning, investing and protection solutions to and through the workplace to help individuals and employers from “hire through retire.” As part of the company’s focus on health and wealth solutions, Lavallee oversaw all aspects of Voya’s retirement offerings, including Tax-Exempt and Corporate Markets, which comprise the company’s workplace and individual retirement businesses, including 401(k), 403(b) and 457 plans. She also oversaw Operations Services, which supports Voya’s Workplace Solutions business.

Lavallee also served as the president of the company’s Tax-Exempt Markets business, and was responsible for all aspects of that business, including product, distribution, financial management, strategy and operational performance. Under her leadership, Voya’s Tax-Exempt Markets business achieved significant client growth, including Voya becoming the largest retirement plan provider in the government market in 2020. Earlier, Lavallee was president of Employee Benefits (now Health Solutions), where she oversaw all aspects of the group and voluntary insurance business — including strategy, product development, underwriting, actuarial, distribution and marketing.

Before joining the company, Lavallee worked at Mutual of Omaha as a regional vice president of the Group Insurance Division for their Western Region, and at Sun Life New York Insurance and Annuity Company, where she was responsible for marketing group life, short-term and long-term disability, and medical stop-loss insurance through insurance brokers and third-party administrators.

Lavallee’s achievements have been recognized through her receipt of the Hartford Business Journal’s “Top 25 Women in Business” award in 2022 and a 2012 Women in Insurance Leadership award by Insurance Networking News. In addition, she serves on the boards of the National Down Syndrome Society and Junior Achievement of Southwest New England, Inc.

Lavallee holds a bachelor’s degree in psychology from Colby College and a Master of Business Administration from Pepperdine University’s Graziadio School of Business. She serves as one of the executive sponsors for Voya’s employee-led Environmental Stewardship Council and participates in Menttium’s Momentum cross-company mentoring program — which matches diverse, high-performing professionals with executives from other organizations.

Rodney O. Martin, Jr., is executive chairman of Voya Financial, Inc. (NYSE: VOYA), which helps Americans plan, invest and protect their savings — to get ready to retire better.

Martin is a veteran of the retirement, insurance and financial services industries with more than 40 years of high-profile experience. He joined Voya as CEO in 2011 and served as the company’s chairman and CEO for more than a decade before assuming the role of executive chairman.

As Voya’s CEO, Martin advanced a significant financial, operational and cultural transformation and evolved the business portfolio to one focused on delivering health, wealth and investment solutions that enable Voya’s approximately 14.7 million individual, workplace and institutional clients to achieve their financial wellness goals with confidence. 

Under Martin’s leadership, Voya successfully completed the necessary preparations for an initial public offering (IPO) on the New York Stock Exchange in May 2013 – one of the top performing IPOs of that year. He led Voya in the achievement of several notable financial and operational accomplishments, including generating strong organic growth across all of its businesses; taking Voya from bottom-quartile to top-quartile financial performance, including strong adjusted operating earnings per share growth; executing an enterprise transformation that has exceeded its goals in terms of savings – more than $300 million – and organizational health; and returning more than $7.5 billion in excess capital to shareholders during his time as CEO.

Martin also advanced Voya’s culture while defining the character of the Voya brand. Under his leadership, Voya earned recognition as a leader in important areas such as corporate responsibility; diversity, equity and inclusion; environmental, social and governance; and purpose – earning numerous accolades, including: Fortune’s World’s Most Admired Companies in its first year eligible; World’s Most Ethical Companies each year eligible; and Bloomberg’s Gender Equality Index each year since its creation.

Prior to joining Voya, Martin held several leadership roles of increasing responsibility during a 10-year tenure at AIG. He served as COO of AIG Worldwide Life Insurance; chairman and CEO of American Life Insurance Company (Alico); chairman of American International Assurance (AIA); and chairman of AIG’s international life and retirement services businesses. Martin previously was president and CEO of American General Life Companies prior to its acquisition by AIG in 2001. He began his career in 1975 as an agent with Connecticut Mutual Life Insurance Company, where he served more than 20 years, ultimately becoming president of Connecticut Mutual Insurance Services.

Martin earned his bachelor’s degree in business administration from Alfred University. He is a recognized thought leader on a range of business topics, including board diversity and inclusivity for people with disabilities and special needs. Martin is a fellow, Life Underwriter Training Council. He serves on the board of Junior Achievement USA and is a founding partner of the National Down Syndrome Society CEO Commission for Disability Employment.  Martin previously served on the boards of the American Council of Life Insurers (ACLI) and the Life Insurance Marketing and Research Association (LIMRA).

Nan Ferrara is executive vice president of Organizational Health and Enterprise Capability Building for Voya Financial, Inc. (NYSE: VOYA), which helps Americans become well planned, well invested and well protected.

In this role, Ferrara focuses on building and extending capability systems that have been an important part of Voya's success over the past decade. Systems includes the introduction of Lean (Continuous Improvement), systemic processes for capturing cost savings, and the development of Voya's industrial hybrid model. Ferrara collaborates with leaders across the enterprise, building modern capabilities to enrich these foundational systems that support Voya’s success.

Equally important as what Voya accomplishes is how it’s accomplished. To this end, Ferrara is a key influencer of Voya’s culture through her responsibility for ensuring organizational health practices are routinely measured, benchmarked and embedded in the organization. She works with leaders in their execution of enterprise strategic imperatives, ensuring alignment around Voya’s vision, purpose and values. Ferrara is also a member of Voya’s Executive Committee.

Previously, Ferrara held the title of executive vice president, Continuous Improvement and Operations, where she oversaw the performance of the operations organization, as well as the company’s Continuous Improvement (Lean) efforts. Under Ferrara’s leadership, the Continuous Improvement management system has been integrated across the company and has created a high-performance culture that has led to dramatically improved business results.

Ferrara’s more than 20 years of experience in the financial services industry also includes leading the divestiture-separation team at AIG before joining Voya. She served as operations executive of their Financial Services Division earlier in her career, providing leadership to improve the customer experience and enhance efficiency by leveraging process improvement practices and technology. Ferrara also served in several senior leadership roles at J.P. Morgan Chase, where she focused on customer service and employee engagement.

Ferrara received her Master of Business Administration degree from Hofstra University.

Rob Grubka is chief executive officer (CEO) of Workplace Solutions for Voya Financial, Inc. (NYSE: VOYA), which helps Americans become well planned, well invested and well protected.

In this role, Grubka leads Voya’s Health Solutions and Wealth Solutions businesses, which represent approximately 80% of Voya’s adjusted operating earnings, and encompass all of the company’s workplace businesses, including retirement, group and voluntary insurance, savings and other benefits products and solutions. Specifically, Grubka oversees Voya’s workplace strategy, products and solutions, pricing, underwriting, operations, marketing, distribution and customer experience teams. He also serves on Voya’s Executive Committee.

Grubka has nearly 30 years of actuarial, product management and leadership experience. Prior to his current role, he led Voya’s Health Solutions business since November 2016 and oversaw all aspects of Voya’s group and voluntary insurance business — including strategy, product development, underwriting, actuarial, distribution and marketing. In the roughly six years that Grubka led Voya’s Health Solutions business, in-force premiums grew approximately 60% and Voya became a top-5 provider of supplemental health insurance in the U.S. (LIMRA). Grubka joined Voya in 2015 as the chief risk officer for the company’s Wealth Solutions (previously known as Retirement) and former Annuity businesses.

Before joining Voya, Grubka held several leadership roles at Lincoln Financial Group. He led Lincoln’s Group Protection business and headed product teams in the annuity and retirement markets. From 2006 to 2011, Grubka served as senior vice president and head of Retirement Solutions products for Lincoln where his responsibilities included product development and business strategy. Earlier in his career, he held a variety of actuarial roles at Nationwide Financial.

Grubka serves on the board of Junior Achievement North. He earned a bachelor’s degree in actuarial science from The Ohio State University, holds FINRA Series 6 and 26 licenses, and is a fellow in the Society of Actuaries. Grubka serves as one of the executive sponsors of Voya’s employee-led Volunteerism Council — and is currently participating in Voya’s reverse mentoring pilot program sponsored by Voya’s NextGen employee-led Council where Voya employees mentor Voya leaders to ultimately help drive change, growth, self-awareness, networking, as well as professional and personal development.

Christine Hurtsellers is chief executive officer (CEO) of Voya Investment Management, the asset management business of Voya Financial, which helps Americans become well planned, well invested and well protected. In this leadership role, Hurtsellers drives the strategic direction and operational performance of Voya Investment Management, which manages more than $250 billion in assets as of March 31, 2022, for both affiliated and external institutions as well as individual investors. The firm, which has a more than 40-year history, is a top-25 manager of U.S. institutional and defined contribution assets across Equities, Fixed Income and Multi-Asset Strategies and Solutions. Hurtsellers also serves on Voya Financial’s Executive Committee.

Voya Investment Management’s mission is to help investors meet their long-term goals with confidence. Hurtsellers and her team adhere to the guiding principles of stewardship and service in delivering a value proposition of being a reliable partner committed to reliable investing. This commitment to reliability positions the organization to deliver consistent performance over a long period, which is critical for retirement planning, pension investors and long-term savers.

Before becoming CEO in September 2016, Hurtsellers was chief investment officer of Fixed Income at Voya Investment Management. In this role, Hurtsellers led a team of more than 100 investment professionals with over $134 billion in fixed income assets under management as of June 30, 2016. Prior to that, Hurtsellers was head of Structured Finance and also served on a mortgage-backed securities team that was responsible for the highly successful track record of the company’s proprietary mortgage derivatives portfolios. As a member of the Voya Financial Operating Committee, Hurtsellers collaborated on overall business strategy and key corporate-wide initiatives. She is a board member of Pomona Capital and a member of the U.S. Treasury Borrowing Advisory Committee and serves on the ICI’s Board of Governors. In 2014 and 2018, Hurtsellers was named one of Money Management Executive’s top women in asset management.

Before joining Voya in 2004 as a senior portfolio manager, Hurtsellers developed extensive mortgage portfolio-management experience, most notably at the Federal Home Loan Mortgage Corporation (“Freddie Mac”), where she led the agency guaranteed retained portfolio team with $650 billion in assets under management. Prior to that role, Hurtsellers managed mortgage derivatives, adjustable-rate mortgages and collateralized mortgage obligations (CMOs). Prior to Freddie Mac, she was a portfolio manager responsible for securitized assets at Alliance Capital Management, and securitized and municipal securities at Banc One, and was a client consultant at Pentalpha Capital group.

Hurtsellers earned a Bachelor of Arts in finance with high honors from Indiana University Kelley School of Business and holds the Chartered Financial Analyst® designation.

Mike Katz is executive vice president of Finance for Voya Financial, Inc. (NYSE: VOYA), which helps Americans become well planned, well invested and well protected.

In this role, Katz leads the investor relations, financial planning and analysis, and treasury teams for the enterprise. He also serves on Voya’s Executive Committee.

Katz brings nearly 25 years of financial services experience across a variety of leadership roles within Voya, most recently as the chief financial officer for Voya’s Annuities, Individual Life and Employee Benefits businesses. Katz was instrumental in Voya’s preparation of its May 2013 initial public offering (IPO) and, more recently, the sale of its annuities and life businesses. Before serving as a business unit CFO, he held a number of senior roles in product development, capital management, actuarial and business strategy at Voya.

Katz joined Voya (then ING U.S. Financial Services) in 2004. Before joining Voya, he served in a variety of financial reporting and planning roles at Aegon.

Katz is a fellow of the Society of Actuaries, a member of the American Academy of Actuaries and holds a bachelor’s degree in actuarial science from Pennsylvania State University.

Santhosh Keshavan is executive vice president (EVP) and chief information officer (CIO) for Voya Financial, Inc. (NYSE: VOYA), which helps Americans become well planned, well invested and well protected.

In this role, Keshavan is responsible for the firm’s technology systems, data and digital organization, information security and infrastructure. He also serves on Voya’s Executive Committee.

Keshavan has more than 25 years of public and private sector experience as a transformation leader, including expertise in financial services, technology and operations. He has extensive experience in complex program management, including acquisitions and divestitures.

Prior to joining Voya, Keshavan held the position of EVP and CIO for Regions Bank based in Birmingham, Alabama, from 2010 to 2017. In this role, he managed core systems, enterprise and corporate systems, and enterprise data services. Previously, Keshavan served as vice president for the pricing and cash management division at Fidelity Investments. Prior to that, he held various positions at SunGard Data Systems (now FIS), eventually being named managing director, International Operations, with a focus on the retirement services industry.

Keshavan has a bachelor’s degree in computer science from India and a master’s of business administration from University of Alabama at Birmingham with a major in information systems. He serves on the boards of the New York Institute of Technology and Connecticut Insurance and Financial Services, as well as VFI SLK Global Services Pvt. Ltd. — a joint venture between Voya and SLK Group. Keshavan also serves as one of the Executive Sponsors for Voya’s Asian Council.

Charles Nelson is vice chairman of Voya Financial, Inc. (NYSE: VOYA), which helps Americans become well planned, well invested and well protected.

In this role, Nelson serves as a strategic advisor to Chief Executive Officer Heather Lavallee. Most recently, he served as the chief growth officer where he was responsible for shaping Voya’s growth strategy, including customer segmentation — with an enterprise focus on integrating Voya’s customer segments to expand reach in the workplace, as well as targeting new customer segments and solutions. Nelson also serves on Voya’s Executive Committee.

Previously at Voya, Nelson was chief executive officer of Retirement and Employee Benefits, overseeing Tax-Exempt and Corporate Markets and Retail Wealth Management, which comprises the company’s workplace and individual retirement businesses, including 401(k), 403(b) and 457 plans, as well as its Employee Benefits business. Prior to joining Voya, Nelson served as president of Retirement Services for Great-West Financial through September 2014, and led the legacy Great-West retirement business of Empower Retirement, a business unit of Great-West Life & Annuity Insurance Company.

Nelson has more than 30 years of leadership experience in the retirement and employee benefits industry. He was named the second most influential player in the 401(k) market, according to the 401(k) Wire’s 2012 Most Influential ranking list. During his career, Nelson has managed all aspects of defined contribution businesses. He has overseen government, healthcare, nonprofit, 401(k) and FASCore institutional lines of business, while also managing recordkeeping, administration, operations, sales, products, financial results and broker-dealer services. Nelson began his career at Great-West in the employee benefits business marketing retirement plans, healthcare, stop loss and various benefit offerings.

Nelson is a graduate of Whitman College with a degree in chemistry and economics, and he was a member of the Whitman College Board of Overseers from 2008 to 2017. He currently serves on the board of trustees for Whitman College. He also sits on the board of directors of the Defined Contribution Alternatives Association, a nonprofit organization that educates the community on the benefits of including alternative investments within a defined contribution framework. He also serves as the executive sponsor for Voya’s employee-led NextGen Council. Previously, Nelson served as the past president of the board of directors for The SPARK Institute, a trade institute that represents the entire spectrum of defined contribution service providers. He has also been a member of the National Association of Government Defined Contribution Administrators (NAGDCA) since 1985. As a member, Nelson has contributed articles for publication, participated on a number of committees, and spoken at numerous regional and national conferences to support and assist the organization’s efforts to further the industry.

Trevor Ogle is executive vice president and chief strategy, M&A and corporate transactions officer of Voya Financial, Inc. (NYSE: VOYA), which helps Americans become well planned, well invested and well protected.

In this role, Ogle oversees all aspects of Voya’s corporate strategy, acquisitions, divestitures, and other strategic transactions, and serves as an advisor to executive management and the board on these matters. He serves on Voya’s Executive Committee. 

Ogle, who joined Voya in 2013, previously was the company’s lead for M&A, including corporate development, and deputy general counsel. He has been deeply involved in all of Voya’s significant strategic transactions over the course of his tenure, including Voya’s divestitures of its fixed and variable annuities businesses, its VFA retail broker dealer, and its Individual Life business, and Voya’s acquisitions of Allianz Global Investors’ U.S. asset management business, PenCal Administrators, and Czech Asset Management, alongside numerous smaller acquisitions over the past several years.

Prior to joining Voya, Ogle was an attorney in the General Practice Group of Sullivan and Cromwell LLP, where he focused on public and private corporate transactions, securities law, corporate finance, and general corporate law matters.

Ogle earned his juris doctorate from the University of Toronto and his bachelor’s degree in life sciences from Queen’s University in Kingston, Ontario, Canada.

Kevin D. Silva is executive vice president and chief human resources officer for Voya Financial, Inc. (NYSE: VOYA), which helps Americans become well planned, well invested and well protected.

In this role, Silva is responsible for Human Resources, Corporate Responsibility and Voya Foundation and directs a strategy aimed at building the organization’s human capital by attracting, retaining and developing world-class employees and incenting them to deliver superior performance. Silva also serves on Voya Financial’s Executive Committee.

Silva joined the company in 2012. Prior to this, he served as chief human resources officer at Argo Group International, a global, publicly traded specialty insurance company. At Argo, he was responsible for building a high-performing team and implementing compensation, succession and executive-development practices.

Prior to joining Argo, Silva spent more than 13 years at MBIA Insurance Corporation, a global, publicly traded insurance company, where he served as chief administrative officer responsible for the human resources, corporate administration, information resources, facilities and telecommunications, and records-management functions. He served as an adviser to MBIA’s business leaders on individual and financial performance improvement. He also played a significant role in driving a post-acquisition integration process and served as an important strategic partner to the CEO and to the Compensation Committee of the MBIA Board of Directors.

Silva has also served in senior human resources leadership roles as head of human resources for Merrill Lynch Capital Markets; chief human resources officer for MasterCard International; and executive director for PepsiCo Management Institute/PepsiCo.

Silva earned a bachelor’s degree in communications from St. John’s University, and a master’s degree in psychology from New York University. He serves as chairman of the Board of Directors for New York Institute of Technology, and is a member of the Institute’s Executive Committee. Silva also serves on the Advisory Board for Holy Trinity High School in Hicksville, New York, and is one of the Executive Sponsors for Voya’s Latinx Council.

Donald C. Templin is executive vice president and chief financial officer (CFO) of Voya Financial, Inc. (NYSE: VOYA), which helps Americans become well planned, well invested and well protected.

Templin — who also serves on Voya’s Executive Committee — oversees Voya’s Finance organization as well as audit, strategy and corporate development, and continuous improvement. He joined Voya in November 2022.

Templin has more than 30 years of corporate finance experience and, prior to joining Voya, served as executive vice president and CFO of Marathon Petroleum from July 2019 until January 2021. He also previously held the CFO role at Marathon Petroleum from June 2011 through February 2015 and built out and led Marathon Petroleum’s entire finance organization following its separation from Marathon Oil. He concurrently served as CFO of MPLX LP (NYSE: MPLX), a diversified, large-cap master limited partnership formed by Marathon Petroleum, from October 2012 through February 2015. He returned to the CFO role at Marathon Petroleum in 2019 to, among other things, drive execution and synergy capture across the enterprise.

Between his two CFO tenures at Marathon Petroleum, Templin held several leadership positions at both Marathon Petroleum and MPLX, including executive vice president — supply, transportation and marketing for Marathon Petroleum; president of MPLX; and president of Marathon Petroleum. Prior to joining Marathon Petroleum in 2011, Templin held a number of roles at PwC, including serving as a partner at the firm.

Templin currently serves on the board of directors of Aris Water Solutions, Inc. (NYSE: ARIS). He received a bachelor’s degree in accounting from Grove City College.

My Chi To is executive vice president and chief legal officer of Voya Financial, Inc. (NYSE: VOYA), which helps Americans become well planned, well invested and well protected.

In this role, To oversees all aspects of Voya’s Law, Compliance and External Affairs department, serving as an advisor to senior management and the Board of Directors on legal, compliance, securities, and corporate-governance matters. To serves on Voya’s Executive Committee.  

Prior to joining Voya, To was executive deputy superintendent of insurance for the New York State Department of Financial Services, which regulates all health, life and property/casualty insurers doing business in New York, as well as insurance producers and certain public and private retirement systems in the state. In her role, which she held since January 2020, she led a 500-person division, including examiners, actuaries and lawyers supervising over 1,600 entities with $5.5 trillion in assets. Previously, To was with Debevoise & Plimpton LLP for 21 years, including 14 years as a partner in the firm’s Restructuring Group and Global Insurance Practice. 

To’s career combines senior government experience managing legal issues and emerging risks in a complex regulatory environment, with two decades advising public and private corporate clients as trusted outside counsel.

She earned her civil and common law degrees from the University of Ottawa and a master’s degree in political sciences and government from the University of Oxford, where she was a Rhodes Scholar, and clerked for the Supreme Court of Canada.

To has served on the boards of trustees for the American College of Investment Counsel and the Cathedral School of St. John the Divine in New York. She also is a past steering committee member of the U.S. 30% Club — an organization of chairpersons and CEOs taking action to increase gender diversity on boards and senior management teams.