– USA, NY – New York Life, America’s largest mutual life insurer, today announced the election of CEO Craig DeSanto as the next Chair of the Board of Directors, effective April 15, 2023, to succeed current Chair Ted Mathas who retired as CEO.
“Ted oversaw a seamless transition to Craig as CEO and Chair and we thank him for his many years of service to New York Life. The Board of Directors unanimously agreed that Craig’s breadth of experience at the company and his deep understanding of the industry position him as the ideal leader to help author New York Life’s next chapter.” said Lead Independent Director, Tom Schievelbein.
Mr. DeSanto assumed the CEO position on April 16, 2022, and has served on the Board of Directors since February 2021. He currently serves on the boards of the American Council of Life Insurers and the Partnership for New York City.
“I am honored to serve our policy owners as New York Life’s next Chair and to succeed Ted, who set a powerful example for what it means to be an unwavering steward of our company,” said Craig DeSanto. “Thanks to our mutuality, superior financial strength, unrivaled career agency system, and an outstanding, diverse team of dedicated agents and employees, we are exceptionally well-positioned to continue to provide financial security and peace of mind to our clients.”
About New York Life Insurance Company
New York Life Insurance Company, a Fortune 100 company founded in 1845, is the largest1 mutual life insurance company in the United States and one of the largest life insurers in the world. Headquartered in New York City, New York Life’s family of companies offers life insurance, retirement income, investments, and long-term care insurance. New York Life has the highest financial strength ratings currently awarded to any U.S. life insurer from all four of the major credit rating agencies.
For more information: https://www.newyorklife.com/
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