Wade Dokken has been promoted to president and CEO of American Skandia of Shelton, Conn., succeeding founder Jan Carendi.

Dokken had been chief operating officer and deputy CEO. Carendi founded American Skandia 13 years ago and has served as president and CEO ever since. Carendi will remain as chairman during a transitional period, concentrating on developing new markets.

Dokken has been with American Skandia for the past 11 years and had been chief operating officer and deputy CEO since 1998.

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