Dayton H. Molendorp, CEO of OneAmerica since 2004, will retire from the position March 31, the Indianapolis-based insurance company said Monday morning.
Molendorp, 66, will remain chairman of the board of OneAmerica and its parent company, American United Mutual Insurance Holding Co.
J. Scott Davison, who was named president of OneAmerica in August, will become president and CEO on April 1.
Davison, 49, joined OneAmerica in 2000. He served as chief financial officer from 2004 to 2011 and executive vice president from 2011 to 2013. He is on the boards of IU Health, LL Global, The American College, Indiana Sports Corp., Indiana Bond Bank and Camptown.
Molendorp was credited with leading OneAmerica to strong growth despite the Great Recession. The company's assets rose from $15 billion to more than $36 billion under his administration. Company sales exceed $2 billion annually.
“OneAmerica will be in exceptional hands with Scott at the helm,” Molendorp said in a prepared statement. “He knows our business and he believes in our mission. He has been an integral part of OneAmerica’s success for more than a decade and he is well-prepared to serve as CEO.”