---
schema_version: "secwatch.filing_event.v1"
accession: "0001535929-22-000064"
form_type: "8-K"
ticker: "VOYA"
cik: "0001535929"
company_name: "Voya Financial, Inc."
filed_at: "2022-07-07T23:59:59+00:00"
generated_at: "2026-06-24T19:32:37.489350+00:00"
event_type: "leadership"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Voya appoints Heather Lavallee as CEO-Elect; Martin to become Executive Chairman in 2023

## Summary
- Heather Lavallee appointed President and CEO-Elect effective July 7; will become CEO on Jan 1, 2023.
- Martin becomes Executive Chairman Jan 1, 2023; base salary reduced 15% to $1.025M, term through Feb 29, 2024.
- Lavallee's base salary increased to $835,000; target ACIP $1.879M; LTIP target $4.801M; plus $5M one-time grant (80% PSUs).
- Other executives (Smith, Nelson, Hurtsellers) receive $1M LTIP grants (70% PSUs, 30% RSUs).
- Martin's employment agreement amended; ACIP and LTIP targets unchanged, severance unchanged.

## SEC filing metadata
- accession: 0001535929-22-000064
- form_type: 8-K
- ticker: VOYA
- cik: 0001535929
- company_name: Voya Financial, Inc.
- filed_at: 2022-07-07T23:59:59+00:00
- event_type: leadership
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 5.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1535929/000153592922000064/0001535929-22-000064-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1535929/000153592922000064/voya-20220707.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001535929-22-000064
- JSON: https://secwatch.observer/filing/0001535929-22-000064.json
- Plain text: https://secwatch.observer/filing/0001535929-22-000064.txt

## Key facts
- Executive change
  Heather Lavallee changed role as Chief Executive Officer at Voya Financial, Inc..
  - Action: succeed
  - Role: Chief Executive Officer
  source text: effective January 1, 2023, Ms. Lavallee will succeed Rodney O. Martin, Jr., as the Company’s next Chief Executive Officer.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1535929/000153592922000064/0001535929-22-000064-index.htm
- Executive change
  Rodney O. Martin, Jr. changed role as Executive Chairman of the Board at Voya Financial, Inc..
  - Action: transition to
  - Role: Executive Chairman of the Board
  source text: commencing January 1, 2023, will transition to the role of Executive Chairman of the Board
  evidence_url: https://www.sec.gov/Archives/edgar/data/1535929/000153592922000064/0001535929-22-000064-index.htm
- Executive change
  Heather Lavallee was appointed as President and Chief Executive Officer-Elect at Voya Financial, Inc..
  - Action: appointed
  - Role: President and Chief Executive Officer-Elect
  source text: On July 7, 2022, Voya Financial, Inc. (the “Company”) announced that, effective as of such date, Heather Lavallee has been appointed President and Chief Executive Officer-Elect (“CEO-Elect”)
  evidence_url: https://www.sec.gov/Archives/edgar/data/1535929/000153592922000064/0001535929-22-000064-index.htm
- Executive change
  Heather Lavallee was appointed as Director at Voya Financial, Inc..
  - Action: appointed
  - Role: Director
  source text: Ms. Lavallee has also been appointed to the Board of Directors of the Company (the “Board”) effective immediately.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1535929/000153592922000064/0001535929-22-000064-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.