Bob Johnson named President and Chief Executive Officer of DMBA

Bob Johnson named President and Chief Executive Officer of DMBA

April 19, 2010 For release at 1:30 PM MDT Contact: Maria Christensen 801-578-5671

Salt Lake City — DMBA today named Bob Johnson as President and Chief Executive Officer of the Salt Lake-based nonprofit corporation. Johnson replaces Michael “J” Stapley, who is leaving to serve as mission president in the Argentina Buenos Aires South Mission for The Church of Jesus Christ of Latter-day Saints.

Before today‟s announcement, Johnson was the President and Chief Executive Officer of the KSL Broadcast Group, which includes KSL Television, KSL NewsRadio, KRSP-FM (the Arrow), KSFI-FM (FM 100), Bonneville Communications, Bonneville Distribution, and Bonneville Satellite Company.

In announcing this change, Fraser Bullock, Deseret Mutual Benefit Administrators Chairman of the Board, said, “The Deseret Mutual family joins with me in thanking Michael Stapley for over two decades of extraordinary leadership at Deseret Mutual. He has built an organization that is acknowledged in its industry for the effective way essential benefits are delivered to employees. All of us at Deseret Mutual wish Michael well in the opportunity that has come to him to share his faith through a large network of missionaries in Argentina.

“Concurrently, the Deseret Mutual family welcomes Bob Johnson as its new leader. This is a time of great innovation in the way employers provide benefits to employees. Recent federal health insurance reform legislation will require careful thinking and foresight. Bob Johnson is well-suited to guide Deseret Mutual in that effort. He has been associated with the work of Deseret Mutual for over a decade, and has proven his capacity for leadership and executive management during a time of remarkable growth and success at KSL and its related broadcast properties.”

Michael Stapley, the outgoing DMBA President, said, “I have appreciated enormously the honor that has been mine to work at Deseret Mutual for the past 25 years and to serve as President of Deseret Mutual for the past 14 years. It has been a rich and rewarding experience. Deseret Mutual is a great company with a noble purpose to help our customers achieve health and financial well-being. We have wonderful and capable employees who work hard to serve our customers in an exceptional way. During my time of service, it has been my unique privilege to work with Bob Johnson, who has been a member of our Board of Directors for the past 13 years. He has made a powerful contribution during his time of service. He has always been extremely well prepared to deal with the many complex issues that are part of our business, which has laid a solid foundation for him to serve as the new Deseret Mutual President and Chief Executive Officer. Bob loves Deseret Mutual and will bring a unique set of talents that will help our company continue to grow and become even better in the future.”

New DMBA President Bob Johnson noted, “Succeeding Michael Stapley as the leader of Deseret Mutual is a humbling, even daunting assignment. Michael is a uniquely gifted executive. His mastery of the field of benefits has been acclaimed by national organizations. He loves Deseret Mutual and is loved by its employees. I wish him success in his missionary endeavors and look forward to his counsel as I make the transition to Deseret Mutual. I also express my admiration of the Deseret Mutual employees. They are an outstanding group who I am proud now to call my colleagues and associates.”

Before becoming the President and CEO of the KSL Broadcast Group, Johnson was the Executive Vice President and Chief Operating Officer of Bonneville International Corp. He has also been a member of DMBA’s Board of Directors since 1997.

Before his executive position at Bonneville, he practiced law in Washington, D.C., and Salt Lake City. Johnson received both his bachelor’s and juris doctorate degrees, with honors, from Brigham Young University.

DMBA was organized in 1970 to serve the insurance and retirement needs of employees of the LDS Church and its member organizations on a nonprofit basis.

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