(December 20 – 16:10 ET) – Paul W. Derksen has been appointed Executive vice-president and Chief Financial Officer. He will join the Company early in the New Year, in advance of an initial public offering planned for March 2000.

At that time, he will assume worldwide responsibility for Sun Life’s Finance, Actuarial and Taxation functions from Michael Hasley, Sun Life’s senior vice-president of finance. Hasley plans to retire from the company after the completion of the IPO and the orderly
transfer of managerial responsibilities.

A chartered accountant, Derksen has an extensive financialbackground. He was executive
vice-president and Chief Financial Officer at Canada Trust . He has held senior positions in both the professional services and investment banking sectors.
-IE Staff