MetLife Announces Senior Leadership Changes as Part of CEO Transition
March 07 2019 - 8:00AM
Business Wire
Ramy Tadros to succeed Michel Khalaf as
President of U.S. Business
Marlene Debel to succeed Tadros as Chief Risk
Officer
Graham Cox to succeed Debel as Head of
Retirement & Income Solutions
MetLife, Inc. (NYSE:MET) today announced a series of changes to
its senior leadership ranks in connection with its CEO transition,
all of which are effective May 1, 2019.
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Ramy Tadros named President of U.S.
Business, MetLife Inc. (Photo: Business Wire)
Executive Vice President and Chief Risk Officer Ramy Tadros will
become president, U.S. Business. He will succeed Michel Khalaf,
president, U.S. Business and EMEA, who becomes MetLife president
and chief executive officer on May 1, 2019. Tadros will report to
Khalaf and continue to serve on the company’s Executive Group. Dirk
Ostjin, senior vice president and head of EMEA, will continue to
oversee the EMEA business reporting to Khalaf.
Tadros joined MetLife in September 2017 from Oliver Wyman, where
he was a partner, global head of Insurance, and member of the
firm’s operating committee.
“Ramy is a seasoned executive with more than 20 years of
experience advising global life and property and casualty insurers
on strategy, product, distribution and financial topics,” said
Steven A. Kandarian, chairman, president and chief executive
officer of MetLife, Inc. “As chief risk officer, his leadership has
been essential to elevating our risk function in support of
MetLife’s transformation into a company that appropriately balances
growth and risk while generating stable free cash flow.”
“I am confident that Ramy’s vast knowledge of the industry and
strategic skills will position the U.S. Business for future
success,” Kandarian added.
MetLife also announced today that Marlene Debel, currently
executive vice president and head of Retirement & Income
Solutions (RIS), will become MetLife’s Chief Risk Officer. She will
report to Khalaf and join the company’s Executive Group.
“Marlene has a proven track record of risk management,” said
Khalaf. “As Treasurer, she was responsible for MetLife’s capital
management and liquidity risk. As chief financial officer for the
U.S. Business, she balanced risk and value creation to help the
company grow responsibly. And as head of RIS, she led one of the
strongest periods of growth for the business while working to
ensure that MetLife delivers on the long-term promises we make to
our customers.”
Before joining MetLife in 2011, Debel was global head of
Liquidity Risk Management and Rating Agency Relations at Bank of
America. Prior to that, she was assistant treasurer of Merrill
Lynch & Co. She spent 20 years in a number of leadership
positions across global treasury at Merrill Lynch.
MetLife also announced that Graham Cox, executive vice president
in Global Risk Management (GRM), will succeed Debel as head of RIS
and report to Tadros. Cox has extensive business and risk
management experience and has held several leadership roles since
joining MetLife as an actuary in 1995. He has overseen MetLife’s
Group Life product portfolio and the Product & Operations unit
of the former International Business. He has also served as Head of
Western Europe.
“Graham’s leadership abilities, mix of pension and risk
expertise, and customer focus make him the right choice for leading
the responsible growth of RIS,” Khalaf said.
About MetLife
MetLife, Inc. (NYSE:MET), through its subsidiaries and
affiliates (MetLife), is one of the world’s leading financial
services companies, providing insurance, annuities, employee
benefits and asset management to help its individual and
institutional customers navigate their changing world. Founded in
1868, MetLife has operations in more than 40 countries and holds
leading market positions in the United States, Japan, Latin
America, Asia, Europe and the Middle East. For more information,
visit www.metlife.com.
Forward-Looking Statements
This news release may contain or refer to forward-looking
statements. Forward-looking statements give expectations or
forecasts of the future using terms such as “anticipate,”
“estimate,” “expect,” “project,” “intend,” “plan,” “believe,”
“will,” and other terms tied to future periods. Results could
differ materially from those expressed or implied in the
forward-looking statements. Forward-looking statements are based on
assumptions and expectations. They involve risks and uncertainties,
including the “Risk Factors” MetLife, Inc. describes in its U.S.
Securities and Exchange Commission filings. The company has no
obligation to correct or update any forward-looking statement.
Parts of this news release may include additional information on
forward-looking statements.
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