C. Robert Henrikson
C. Robert Henrikson, age 59, is Chairman of the Board, President and Chief Executive Officer of MetLife, Inc. Henrikson was appointed CEO on March 1, 2006 and Chairman of the Board on April 25, 2006. MetLife, with nearly $45 billion in 2005 annual revenue, ranks 35th on the Fortune 500.Henrikson has been overseeing all of the company’s revenue-generating businesses since becoming President and Chief Operating Officer in June 2004. In that role, Henrikson provided the strategic oversight and direction to leverage MetLife’s product, sales, service and support capabilities in all markets, both domestically and globally.
During his more than thirty-year tenure with MetLife, Henrikson has held a number of senior positions in the individual, group and pensions businesses. Beginning his career as a sales representative, he held roles of increasing breadth and responsibility, heading up the pensions business, group insurance and retirement and savings businesses, auto & home, asset management and MetLife Bank.
Henrikson has been a Director of MetLife, Inc. since April 26, 2005. He was elected a Director of Metropolitan Life Insurance Company effective June 1, 2005. He has served on the boards of MetLife Foundation and various MetLife subsidiaries, including MetLife Auto & Home and MetLife Bank. In addition, he has been actively involved as a thought leader in various industry organizations and initiatives and has testified at Department of Labor and other agency hearings regarding pension and employee benefit matters. He also represented the industry in Congressional hearings regarding the structure and use of certain bank and insurance products and has served as a delegate to the National Summit on Retirement Savings. In 2004, Henrikson was asked to testify in Congress as a thought leader on the “Retirement Crisis in America.” Again, in 2005 he was a participant in the first Senate Round Table hearings on that topic.
Henrikson has been a frequent guest speaker covering various topics including retirement plan investment management, ERISA, employee benefits issues and Social Security. He was an active member of the Committee on Economic Development’s Subcommittee on Social Security Reform and a guest speaker at the Economist-sponsored international convention on that topic in Madrid, Spain.
Henrikson is a board member of the American Council of Life Insurers, a board member of The Ron Brown Award for Corporate Leadership and a board member emeritus of the American Benefits Council. He also serves on the National Board of Advisors at the Morehouse School of Medicine, the board of directors of The New York Botanical Garden, and is a trustee of the American Museum of Natural History.
Henrikson received a B.A. from the University of Pennsylvania and a J.D. from Emory University School of Law. In addition, he is a graduate of the Wharton School’s Advanced Management Program. He serves as chairman of the board of Wharton’s S.S. Huebner Foundation for Insurance Education, and as a member of the Emory Law School Council and the Emory Campaign Steering Committee.
Steven A. Kandarian
Steven A. Kandarian, age 54, is Executive Vice President and Chief Investment Officer for MetLife, Inc. He joined MetLife on April 11, 2005.
In this role, Kandarian is responsible for MetLife’s investment department and the company’s more than $300 billion general account portfolio.
Prior to joining MetLife, Kandarian was the executive director of the Pension Benefit Guaranty Corporation (PBGC) from 2001 to 2004. He made the public case for comprehensive reform of the pension funding rules to put the defined benefit system and the PBGC on a sound financial footing. In addition, under Kandarian’s leadership, the PBGC adopted a new investment policy ensuring that, going forward, its assets be structured to better match liability durations, which was critically important to the mission of the PBGC. As executive director, he reported to a board comprised of the secretaries of treasury, commerce and labor, and was responsible for operations that involved assets of over $35 billion and benefit obligations to some 934,000 workers and retirees in more than 3,200 pension plans.
Before joining PBGC, Kandarian was founder and managing partner of Orion Partners, LP, where he managed a private equity fund specializing in venture capital and corporate acquisitions for eight years. From 1990 to 1993, he served as president and founder of Eagle Capital Holdings, where he formed a private merchant bank to sponsor equity investments in small and mid-sized businesses. Prior to establishing Eagle Capital Holdings, from 1984 to 1990, he was managing director of Lee Capital Holdings, a private equity firm based in Boston.
Previously, he held several corporate merger and acquisition and leveraged buyout positions at State Street Bank and Trust and LCB Holdings, Inc. Prior to joining LCB, Kandarian was an investment banker with Houston-based Rotan Mosle, Inc., where he had responsibility for a broad range of projects, including: initial public offerings, mergers and acquisitions, private placements and fairness opinions. Kandarian previously served as a member of the board of trustees for MassMutual Corporate Investors, MassMutual Participation Investors and MassMutual Premier Funds.
Kandarian received a B.A. in economics from Clark University in 1974, a JD from Georgetown University Law Center in 1978, and an MBA from Harvard Business School in 1980.
Leland C. Launer, Jr.
Leland C. Launer, Jr., age 51, is President of Institutional Business for MetLife, Inc. He was appointed to this position in March 2005.
As President, Launer oversees MetLife’s Institutional Business segment, which had total revenues of $11.5 billion in 2004, and provides group life, disability, dental, long-term care, auto & home and critical illness insurance to group customers in the United States. Institutional Business provides coverage to 88 of the top one hundred FORTUNE 500 companies, and offers a broad range of benefit solutions, particularly in the area of retirement and savings products.
Prior to being named to his current role, Launer served as Executive Vice President and Chief Investment Officer from July 2003 through March 2005. As Chief Investment Officer, Launer had responsibility for the $240 billion general account portfolio.
Launer joined MetLife in 1979 in the Investments Department in southern California. During his career at the Company, Launer has managed virtually every unit in the Investments Department, including Fixed Income, the Portfolio Management Unit, Investment Information and Real Estate Investments. In addition, he worked for two years in Individual Business where he oversaw and managed strategic initiatives of importance to the company. Launer was also the Treasurer after the Company’s demutualization and contributed to the establishment of capital raising capabilities.
Launer currently serves as Chairman of the Board of Directors of Reinsurance Group of America, Inc. In addition, he serves on the board of directors of MetLife Bank, the Metropolitan Tower Realty Company, Inc., CRB Company, Inc., CRH Company, Inc., GA Holding Corporation, L/C Development Corporation, N.L. Holding Corporation and the Metropolitan Asset Management Corporation.
Launer received a B.S. degree in chemistry from the University of Redlands in 1977 and a M.B.A. degree in accounting and finance from the University of Southern California in 1979.
James L. Lipscomb
James L. Lipscomb, age 59, is Executive Vice President and General Counsel of MetLife, Inc. He was named to this position in July 2003.
Lipscomb oversees the company’s Legal Affairs group with responsibility for the global operation of the MetLife Law Department, Government and Industry Relations Department and the Corporate Secretary’s Office. He also provides advice to the Board of Directors and management on corporate governance and business operations.
Lipscomb joined MetLife in 1972 as an attorney and through promotions with increasing responsibilities became Vice President and Associate General counsel in 1987. He left the Legal department in 1990 to join the strategic research group — an in-house “think tank” that worked on strategic issues. Later, he joined the Real Estate Investments Department where he was appointed a Senior Vice President and was placed in charge of the $12 billion commercial mortgage loan portfolio. In 1998, Lipscomb was asked to head the corporate planning and strategy department. In 2000, he was named President and Chief Executive Officer of Conning Corporation, a former MetLife subsidiary, where he was in charge of a $25 billion asset management portfolio, a private equity group, a real estate loan origination and servicing platform, an equity broker dealer and an insurance industry research group. Lipscomb returned to the law department in 2001 and was named Senior Vice President and Deputy General Counsel.
Throughout this legal career, Lipscomb has held leadership positions in various local, state and national legal organizations, including the American College of Real Estate Lawyers and the State Bar of California. Lipscomb currently serves as Treasurer and a member of the Executive Committee of the Association of the Bar of the City of New York. He has spoken widely on many legal forums and has been published on many topics, including the publication of “Structuring Complex Real Estate Transactions” (John Wiley 1988, Supp. 1993).
Lipscomb received a B.A. degree from Howard University in 1969, a J.D. degree from Columbia University Law School in 1972 and a L.L.M. (Corporations) degree from New York University in 1977. He is a member of the state bar in New York and California and the federal bar in the Northern District of California, the Southern District of New York and the Second Circuit.
His civic affiliations include serving as a vice chair of the Citizens Budget Commission of New York, director of the Life Insurance Council of New York and trustee of the Practising Law Institute. Lipscomb also serves as a member of the board of directors of several MetLife subsidiaries — GenAmerica Financial, Metropolitan Life Property and Liability Company and MetLife Foundation.
Catherine A. Rein
Catherine A. Rein, age 63, has been Senior Executive Vice President and Chief Administrative Officer of MetLife, Inc. since January 2005. Previously, she was Senior Executive Vice President of MetLife, Inc. from September 1999 and President and Chief Executive Officer of Metropolitan Property and Casualty Insurance Company from March 1999 to January 2005. She has been Senior Executive Vice President of Metropolitan Life since February 1998 and was Executive Vice President from October 1989 to February 1998.
William J. Toppeta
William J. Toppeta, age 57, has been President of International of MetLife, Inc. since June 2001. He was President of Client Services and Chief Administrative Officer of MetLife, Inc. from September 1999 to June 2001 and President of Client Services and Chief Administrative Officer of Metropolitan Life from May 1999 to June 2001. He was Senior Executive Vice President, Head of Client Services, of Metropolitan Life from March 1999 to May 1999, Senior Executive Vice President, Individual, from February 1998 to March 1999, Executive Vice President, Individual Business, from July 1996 to February 1998, Senior Vice President from October 1995 to July 1996 and its President and Chief Executive Officer, Canadian Operations, from July 1993 to October 1995.
Lisa M. Weber
Lisa M. Weber, age 43, oversees the retail business segments, including Individual Business and Auto & Home, for MetLife, Inc., one of the largest providers of insurance and other financial services to millions of customers worldwide.
A 20-year veteran across the securities, banking and insurance industries, Weber is driving a retail growth strategy at MetLife that emphasizes client needs, face-to-face distribution and overall profitability for businesses that generated $15.7 billion in revenue in 2004. Upon the completion of MetLife’s 2005 acquisition of Travelers Life & Annuity, MetLife became the largest individual life insurer and second largest variable annuity provider (based on sales) in North America. The transaction also significantly expanded the distribution reach of MetLife’s Individual Business channels. Weber has served as president since June 2004.
From 2001 to 2004, Weber served as MetLife’s senior executive vice president and chief administrative officer. In this position, she was responsible for MetLife’s worldwide brand and communications, human resources, corporate ethics & compliance, audit, corporate services, security as well as the company’s philanthropic efforts through MetLife Foundation. As executive vice president of human resources from 1999 to 2001, Weber was instrumental in shaping and implementing MetLife’s overall strategy and the principal architect behind MetLife’s culture transformation and robust performance management system. She led a number of initiatives that were critical to MetLife’s 2000 conversation from a mutual to publicly-traded company.
Before joining MetLife in 1998, Weber spent more than 10 years at PaineWebber, where she held a number of senior human resources positions. Previously, Weber directed various human resources practices and strategies at Merrill Lynch and Manufacturers Hanover.
Weber holds a bachelor of arts degree in psychology from the State University of New York at Stony Brook where she was elected to Phi Beta Kappa. She serves on the board of Reinsurance Group of America, Inc. (NYSE: RGA) and several MetLife subsidiaries, including MetLife Bank. She is a director of MetLife Foundation and Rutgers Executive Advisory Committee and a trustee of Northeast Region Boys & Girls Clubs of America.
William J. Wheeler
William J. Wheeler, age 44, has been Executive Vice President and Chief Financial Officer of MetLife, Inc. and Metropolitan Life since December 2003, prior to which he was a Senior Vice President of Metropolitan Life from 1997 to December 2003. Previously, he was a Senior Vice President of Donaldson, Lufkin & Jenrette for more than five years.