The Phoenix Companies, a financial services company, has named Gina O'Connell as chief risk officer. She will succeed Mark Griffin, who is resigning from the company effective July 17.

In her new role, O'Connell will be responsible for overall leadership and direction for enterprise risk management and will report to Chief Executive Officer James Wehr.

O'Connell currently is senior vice president of financial planning and analysis and most recently played a significant role in the company's restatement and remediation efforts. Previous areas of responsibility include oversight of the company's quarterly forecast and annual financial plan processes and leading Life and Annuity Planning, Operations, Underwriting and Variable Products.

She will continue to serve as a senior advisor to the actuarial student program. O'Connell joined Phoenix in 1985 as an actuarial assistant.