August 26, 2019 -- LocatorX announced the appointment of seasoned executive Thomas "Tom" Watjen to its Board of Directors.
Watjen brings nearly 40 years of executive-level insurance, asset management and financial services expertise to the LocatorX team -- which includes a 12-year stint as the former President and CEO of leading workplace benefits provider Unum Group. Prior to retiring in 2015, Watjen played a role in helping Unum achieve strong sustainable financial results. Under Watjen's leadership, the company received accolades, including being named to the Forbes "100 Most Trustworthy Companies" list, "Best Places to Work" and one of the "Greenest Companies in America " by Newsweek .
Watjen has contributed his vision to leading financial organizations such as Morgan Stanley and Co., Conning & Co. and Aetna Life and Casualty over the course of his career. He joined Provident Companies in 1994 as executive vice president and chief financial officer, and was later named as vice chairman and a director of Provident, Inc. Following a merger in 1999, Watjen became executive vice president, finance and risk management, for successor company, UnumProvident Corporation.
In 2002, Watjen was elevated to vice chairman and COO of what would become Unum Group in 2007.
Watjen presently serves as a non-executive member of the board of directors of Prudential plc in London, where he is on the company's risk committee and remuneration committee. From 2010 through 2019, he was a non-executive member of the board of directors of SunTrust Banks in Atlanta, serving on the audit and governance committees. Throughout his career, Watjen has also served on a number of subsidiary and industry boards, including the Financial Services Roundtable. Effective today, he will help LocatorX identify strategic growth drivers as the company revolutionizes global asset tracking.
LocatorX's portfolio of tracking solutions work together to improve supply chain transparency and traceability down to the item level. Products include unique 2D bar codes, an NFC/Bluetooth-encrypted chip and an upcoming Global Resource Locator to be powered by a Solid-State Miniature Atomic Clock.
As the newest addition to LocatorX's Board of Directors, Watjen will provide strategic guidance in the realms of corporate growth, responsibility, risk management and governance.
