New leadership already changing what the company does, with early results showing

CNO Financial Group, Inc. (CNO) — this company's answers

The model's full reasoning — Q1 2016 call → NOWe need to answer YES or NO based on the transcript. The question asks: Is the company being led by leadership that is RELATIVELY NEW TO ITS ROLE — a chief executive, operating chief, or equivalent top operator who has taken charge within roughly the last year or so — AND does that leadership describe CONCRETE CHANGES IT HAS ALREADY MADE to how the company operates, sells, invests, or is organized, with at least some EARLY REAL RESULTS from those changes already visible in the current business? We need to examine the transcript for any indication of new leadership. The transcript is from Q1 2016 earnings call. The executives listed: Edward J. Bonach - CEO, Erik Helding - CFO, Gary C. Bhojwani - President. Also Eric R. Johnson - Chief Investment Officer. In the transcript, Ed Bonach says: "We recently announced two executive leadership changes aligned with our commitment to profitably grow and deliver. First, I'd like to congratulate Erik on his promotion to Chief Financial Officer. Rewarding key talent and promoting from within the organization are core tenants of our culture at CNO. Erik earned this promotion and has made valuable contributions to finance and the Company and we're confident that he'll continue to be a key leader in driving shareholder value. Also, it's with great pleasure that I welcome Gary Bhojwani to CNO. Gary is a proven insurance executive. His expertise and leadership will be invaluable in profitably growing our businesses. I look forward to working closely with Gary over the coming years to continue to improve our execution, achieve our strategic objectives and grow our Company." So Gary Bhojwani is new as President. He joined recently. He says: "Thanks for that warm introduction, Ed. I'd also like to thank the rest of the management team for the wonderful reception that I have received over the last two weeks. I've been impressed by the dedication and passion of our associates. Their attitude and energy reinforces my decision to join the CNO team. CNO is uniquely positioned to help middle-income Americans meet their financial security and retirement needs. I look forward to working with Ed and the rest of the management team to capitalize on this tremendous opportunity and to make a real difference for the people we serve." So Gary is new, but he hasn't described any changes yet. He just says he's impressed and looks forward.

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