NEW YORK (MarketWatch) -- FBL Financial Group /zigman2/quotes/203813833/composite FFG -0.08% said its chief executive officer, William Oddy, will retire effective March 1, 2007. Oddy has been with the company since 1968, and was appointed CEO in 2000. The West Des Moines, Iowa insurance company said Oddy will be succeeded by James Noyce, who is currently the company's chief financial officer. The company also said it would appoint James Brannen, currently vice president of finance, as CFO. The stock closed Friday up 1 cent at $38.10.