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Manulife announces board chair transition

John Cassaday has been appointed vice chair of Manulife Financial Corp.'s board, effective Dec. 7.

Chairman Richard DeWolfe will retire from Manulife's board in May 2018, following the completion of his term. Cassaday will work with DeWolfe in managing a smooth transition of the board affairs until the company's annual meeting, after which Cassaday will become the board chair.

Cassaday joined the company's board in 1993.