---
schema_version: "secwatch.filing_event.v1"
accession: "0001685040-23-000014"
form_type: "8-K"
ticker: "BHF"
cik: "0001685040"
company_name: "Brighthouse Financial, Inc."
filed_at: "2023-03-27T23:59:59+00:00"
generated_at: "2026-06-17T15:07:43.616809+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.2
calibrated_materiality_score: 0.2
confidence: "high"
source: SEC EDGAR
---

# Brighthouse Financial appoints Philip Bancroft to Board; director Shouvlin to retire at 2023 meeting

## Summary
- Philip V. Bancroft appointed as independent director and audit committee financial expert, effective March 27, 2023.
- Bancroft will serve on the Audit and Investment Committees; expected to succeed Shouvlin as Audit Committee chair at 2023 annual meeting.
- Patrick J. Shouvlin will not stand for reelection due to company's mandatory retirement policy at age 72.
- Bancroft most recently served as CFO of Chubb (retired 2021) and previously CFO of ACE Limited.
- Board increased from nine to ten temporarily; expects to reduce back to nine after 2023 annual meeting.

## SEC filing metadata
- accession: 0001685040-23-000014
- form_type: 8-K
- ticker: BHF
- cik: 0001685040
- company_name: Brighthouse Financial, Inc.
- filed_at: 2023-03-27T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.2
- calibrated_materiality_score: 0.2
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1685040/000168504023000014/0001685040-23-000014-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1685040/000168504023000014/bhf-20230327.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001685040-23-000014
- JSON: https://secwatch.observer/filing/0001685040-23-000014.json
- Plain text: https://secwatch.observer/filing/0001685040-23-000014.txt

## Key facts
- Executive change
  Philip V. Bancroft was appointed as Director at Brighthouse Financial, Inc..
  - Action: appointed
  - Role: Director
  source text: On March 27, 2023, the Board of Directors (the “Board”) of Brighthouse Financial, Inc. (the “Company”) increased the number of directors serving on the Board from nine to ten and appointed Philip V. (“Phil”) Bancroft as a member of the Board to fill the resulting vacancy and serve until the Company’s 2023 annual meeting of stockholders (the “2023 Annual Meeting”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1685040/000168504023000014/0001685040-23-000014-index.htm
- Executive change
  Patrick J. Shouvlin departed as Director at Brighthouse Financial, Inc..
  - Action: will not stand for reelection
  - Role: Director
  source text: In accordance with the Company’s Corporate Governance Principles, which state that, absent exception, members of the Board may not stand for reelection or be appointed to the Board after reaching the age of 72, current member of the Board, Patrick J. (“Pat”) Shouvlin, will not stand for reelection at the 2023 Annual Meeting.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1685040/000168504023000014/0001685040-23-000014-index.htm

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