MetLife Announces Bill Wheeler’s Retirement
April 14 2015 - 8:35AM
Business Wire
President of the Americas will stay on until
August of 2015
MetLife, Inc. (NYSE:MET) announced today that Bill Wheeler,
President of the Americas since 2011, will retire effective August
of 2015.
MetLife Chairman, President and CEO Steve Kandarian said:
“During his 17-year tenure at MetLife, Bill made a significant
contribution to MetLife’s success. Most recently, as our first
President of the Americas, Bill took on some of our biggest
challenges, and he has done an excellent job delivering on them.
Bill has driven solid financial and operational performance. He has
completed the successful restructuring and transformation of our
U.S. Retail business, which we identified as one of our strategic
pillars. Additionally, Bill led our acquisition of ProVida, which
was immediately accretive to earnings and strengthened MetLife’s
leadership position in Latin America.”
“MetLife has made significant progress against our 2012
strategy, and today we have strong momentum in many areas. We
remain focused on our goals of generating more cash in our
businesses and delivering superior value for customers, which are
key to improving shareholder returns. In short, MetLife is very
well positioned for the future. While Bill stays on to ensure a
seamless transition, we will be reassessing the right structure and
leadership for the Americas region.”
Kandarian continued, “I want to express my deep gratitude to
Bill. When I joined MetLife, Bill contributed greatly to my
education in the insurance business and our company’s role in it. I
also want to thank him for his partnership during my time as CEO. I
am confident that I speak for everyone who knows him when I say we
will miss Bill’s humor, his intellect, and his passion for
MetLife.”
Bill Wheeler said, “After serving in a variety of senior roles
here – all of which were challenging and fulfilling – I believe the
timing is right for me to retire and pursue other interests. I am
so proud of the accomplishments the team has made in the
transformation and successful repositioning of the U.S businesses.
I am confident that the people of MetLife will continue to deliver
for customers and shareholders for many years to come. I consider
myself extremely fortunate to have been a part of MetLife’s
successful history.”
About MetLife
MetLife, Inc. (NYSE: MET), through its subsidiaries and
affiliates (“MetLife”), is one of the largest life insurance
companies in the world. Founded in 1868, MetLife is a global
provider of life insurance, annuities, employee benefits and asset
management. Serving approximately 100 million customers, MetLife
has operations in nearly 50 countries and holds leading market
positions in the United States, Japan, Latin America, Asia, Europe
and the Middle East. For more information, visit
www.metlife.com.
MetLife, Inc.Media:Randolph Clerihue,
212-578-5061orInvestors:Edward Spehar, 212-578-7888
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