Board of Directors

Chairman, President and Chief Executive Officer
William S. Austin is the Chairman, President and Chief Executive Officer of the Company. Mr. Austin joined Federal Life in 1990 and served as President and Chief Operating Officer from 2002 to 2018. Mr. Austin was elected as the President and Chief Executive Officer in 2018 and was elected Chairman of the Board in 2020. Mr. Austin is a graduate of Marquette University and has an M.B.A. degree in finance, investments and banking from the University of Wisconsin-Madison. Mr. Austin is a Chartered Life Underwriter and a member of the Society of Financial Services Professionals.
Chairman of the Board
Marketing Advisor
Michael Austin joined Federal Life in 1982 and is now serving as Marketing Advisor. Mr. Austin attended Western Illinois University and holds a FINRA Series 6 license and a broker-dealer agency license with FED Mutual Financial Services, Inc., a wholly owned subsidiary of the Company.
Director
Wayne R. Ebersberger has been a member of the board of directors of Federal Life since 2015. Mr. Ebersberger is a certified public accountant (retired) and has a bachelor of business administration degree from the University of Notre Dame. Mr. Ebersberger was a partner of Ernst & Young for over 25 years prior to his retirement in 2015. At Ernst & Young Mr. Ebersberger provided accounting and auditing services to numerous insurance companies, including publicly held companies, foreign companies, and large mutual and nonprofit organizations in the insurance industry.
Independent Director
Director
Matthew T. Popoli is a Founder and Managing Partner of Insurance Capital Group, with 20 years of insurance industry experience with a specialized focused on sponsored demutualizations and similar complex conversion transactions. Prior to founding Insurance Capital Group, Mr. Popoli was a partner and Senior Managing Director at Reservoir Capital Group, which he joined in 2005, and led its financial services investing activities until when he left Reservoir in May 2018 to join ICG. Previously, Mr. Popoli was a Principal at Capital Z Partners and began his career as an investment banker in the insurance group at Morgan Stanley & Co. Mr. Popoli is a graduate of Amherst College, where he received a B.A. in Economics.
Independent Director
Director
Scott Roberts was formerly the President & CEO of Ziegler Capital Management. Prior to joining Ziegler in 2009, he was President and Chief Investment Officer of Deerfield Capital Management. Mr. Roberts served as Chairman of the Investment Committee of Deerfield Triarc Capital Corp, an externally managed Mortgage Securities REIT, from the company's initial private offering in 2004 through 2006. Prior to joining Deerfield Capital, Mr. Roberts was the Chief Investment Officer at several Zurich Insurance Company subsidiaries including Scudder Kemper Investments, Zurich Investment Management and CentreRe. Prior to Zurich, Mr. Roberts was the Director of Fixed Income for Loomis Sayles in Milwaukee and a Senior Vice President and Portfolio Manager for Putnam Investments in Boston. Mr. Roberts received an M.B.A. in Finance and Investments from the Applied Security Analysis Program at the University of Wisconsin at Madison, and a B.S. in Accounting and Finance from Marquette University.
Independent Director
Member of the Investment Committee
Director
Jack Sun is the Vice President of Insurance Capital Group ("ICG"). Previously, he was a Vice President at Reservoir Capital Group where he was a member of the investment team. Prior to Reservoir, Mr. Sun was an investment professional at Centerbridge Partners where he focused on the firm's distressed credit and private equity opportunities. He began his career at Lazard in the Restructuring Group. Mr. Sun received an A.B. in Economics with a secondary in Statistics from Harvard College.
Independent Director
Member of the Investment Committee

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