Two large mutual life insurers today announced executive appointments that could affect who eventually will end up running the companies.
The board of New York Life Insurance Company, New York, has picked Theodore Mathas, 40, to be president of the company.
The board of Massachusetts Mutual Life Insurance Company, Springfield, has named Roger Crandall, 42, and William Glavin Jr., 48, to be that company’s co-chief operating officers.
Mathas, who has been chief operating officer of New York Life since 2006, will succeed Frederick Sievert, 59, who is retiring from New York Life after 15 years of working for the company.
Mathas will continue to be New York Life’s COO, and Sy Sternberg will continue to be the company’s chairman and chief executive officer, the company says.