Armonk resident named chairman of New York Life
Armonk resident Ted Mathas has been named board chairman of New York Life Insurance Co., effective June 1. Mathas, 41, has been president of the Manhattan-based insurer since July 2007 and chief executive officer since July 2008.
He will keep both positions in addition to the chairman’s job. Mathas will succeed Sy Sternberg, 65, New York Life’s chairman since April 1, 1997. Mathas has held various executive positions since joining New York Life in 1995 as an officer in the asset management department.