Benmosche will step down next spring
Robert H. Benmosche, MetLife chairman and CEO, said he plans to retire next spring.
At the same time, the company’s board of directors announced that it unanimously elected C. Robert Henrikson, president and chief operating officer of MetLife, New York, to succeed Benmosche. It also appointed Henrikson to the board.
According to a statement from MetLife, the board had been planning for Benmosche’s retirement for more than a year and settled on his successor in February after considering a number of internal and external candidates.
Benmosche will turn 61 next month. He assumed his current positions in 1998, leading the 137-year-old company through demutualization and its recent acquisition of Travelers Life and Annuity from Citigroup for $11.5 billion, which is expected to close this summer.
He joined MetLife as an executive vice president in 1995 and was president and chief operating officer from November 1997 through June 1998.