MetLife Inc. , the largest U.S. life insurer, promoted the manager who oversees its $450 billion investment portfolio to be the next chief executive officer.
Steven Kandarian got MetLife Inc. out of banking to escape Federal Reserve oversight. Now, the insurer is fighting again to avoid the central bank’s reach.
MetLife Inc., the biggest U.S. life insurer, was removed from Citigroup Inc.’s list of top stock picks as new Chief Executive Officer Steven Kandarian reshuffles management and plans his strategy.
MetLife Inc.’s Steven Kandarian, who has presided over an 18 percent stock decline in less than a year as chief executive officer, told investors he is prepared to cut the insurer’s weakest businesses to boost results.
"Esther's deep understanding of international brand and marketing dynamics and her success in leading the growth of established worldwide brands such as AT&T and Coca-Cola will be tremendous assets."
- Steven Kandarian on Dec 10, 2014