Armonk man to be CEO of New York Life
-
- June
- 30
An Armonk man will become the 18th chief executive in the history of New York Life Insurance Co., the largest mutual life insurance company in the country.
Theodore A. Mathas, 41, who has been the company’s president since last July, will add the chief executive’s duties starting tomorrow. He replaces Sy Sternberg, who is retiring as chief executive after 19 years with the company.
Sternberg, 65, will remain the chairman of the company’s board of directors.
New York Life has 15,000 employees in the United States, 50,000 agents worldwide and more than $280 billion in assets under management.
Mathas, who joined the company in 1995, will oversee all the company’s U.S. and international operations, including individual life insurance, retirement income, investments and long-term care insurance.
In a statement released by the company, Mathas said: “I’m honored to become CEO of New York Life, a remarkable company with a well-deserved reputation for delivering on our promises to policyholders and maintaining the most successful career agency system in the United States. A tradition of strong executive stewardship has played a key role in the company’s track record of success for 163 years, together with a belief in the core values of humanity, integrity and financial strength.”
This entry was posted
on Monday, June 30th, 2008 at 12:05 pm by Allan Drury.
You can follow any responses to this entry through the RSS 2.0 feed.
Share and Enjoy: 
| 
Print
| 
Email
