Press Release

IRI Announces Changes to Board Directors

Issued by Insured Retirement Institute [IRI]

Jan. 26, 2023

WASHINGTON, D.C. – The Insured Retirement Institute (IRI) announced changes to its board of directors today.

The two new members of the IRI board of directors are:

Graham Day, President, Eagle Life Insurance Company

Graham Day is the President of Eagle Life Insurance Company®, a leading provider of annuity products to bank and broker-dealer institutions. Along with leading the company’s financials, business strategy, and distribution platform, Graham also sits as an officer on the executive leadership team of American Equity Investment Life Holding Company. He regularly speaks at industry conferences on insurance distribution, risk management, retirement income, and financial planning.

Graham’s background includes more than 20 years of sales and sales leadership, including deep expertise in financial services distribution, marketing, analytics, and talent development. He spent 18 years with Equitable as Managing Director and Chief Sales and Distribution Officer. Before Equitable, he was an institutional sales professional at Donaldson, Lufkin, and Jenrette.

Michael Sturm, Managing Director, Retirement Product Executive, Bank of America

Michael Sturm is responsible for the strategic development and performance of annuity products for Bank of America. He drives growth, optimal client experiences, industry connectivity, and risk management in this role. Functions include oversight of the annuity product team, product development, annuity integration, regulatory compliance, financial performance, technology implementation, and alignment with distribution partners.

Michael joined Bank of America, starting with Merrill Lynch in 2007. Prior to his current responsibilities, he has served several roles within the retirement space which have ranged from direct client interaction, external product sales, strategic planning, and leadership of the personal retirement internal desk. This experience has allowed him to see all aspects of the value chain and gain perspective on the American retirement. He began his current role in 2019.

“I am happy to welcome these industry leaders as the newest members of the IRI Board of Directors,” said Wayne Chopus, IRI President and CEO. “Our Board is deeply engaged and committed to helping IRI navigate current issues, identify future challenges and opportunities, and decide on the appropriate strategies to address them.”

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