The board of directors of MetLife, Inc. announced that Michel A. Khalaf, President, U.S. Business and EMEA, will become MetLife’s President and Chief Executive Officer on May 1, 2019. Khalaf also has been appointed to the MetLife board effective May 1.
Steven A. Kandarian, who is retiring, will continue to serve as Chairman, President and CEO through April 30, 2019. Glenn Hubbard, currently MetLife’s independent Lead Director, will become MetLife’s Non-Executive Chairman upon Kandarian’s retirement. Hubbard joined the MetLife board in 2007 and became Lead Director in June 2017. Since 2004, Hubbard has been the Dean and Russell L. Carson Professor of Economics and Finance at Columbia University’s Graduate School of Business, and from 2001 to 2003, he was Chairman of the President’s Council of Economic Advisers.
“Michel has brought deep knowledge of our industry, an entrepreneurial spirit, and strong leadership skills to each of the roles he has held during his successful career in the life insurance industry,” Kandarian said. “The financial services landscape continues to evolve rapidly, and Michel is the right executive to continue to lead MetLife’s transformation into a company that is continually innovating to meet customer expectations and create significant shareholder value.”
-rmc//