American Enterprise Group CEO Tom Swank was named today the company’s next executive chairman of the board by the board of directors of American Enterprise Mutual Holding Co., AEG’s parent company. Swank will succeed Mike Abbott, who has worked for the company for 52 years, including 19 years as CEO. “I want to thank Mike for his decades of service to American Enterprise, both as Chairman and as our former CEO. His leadership and dedication have provided terrific value to our company, and we appreciate his contributions to our success,” Swank said in a prepared statement. Swank will continue to serve as CEO and take over the chairman responsibilities in March 2023. Before joining AEG as CEO in 2015, he served as president and CEO of Aegon Asset Management U.S., a Cedar Rapids-based asset management company and subsidiary of Netherlands-based Aegon Group. He has also held positions with Security Benefit Corp., U.S. West, United Bank of Denver and the Federal Reserve Bank of Kansas City.