Page 24 - Demo CEOs of the Fortune 500

• “MassMutual marked the fourth consecutive year as a World's Most Ethical Company and remains the only mutual company named Most Ethical by The Ethisphere Institute4 in the life insurance industry category. The World's Most Ethical Company distinction underscores a company's commitment to leading ethical business standards and practices, and recognizes their role in society to influence and drive positive change, consider the impact of their actions on their employees, investors, customers and other key stakeholders and use their values and culture as an underpinning to the decisions they make every day. At MassMutual, this prestigious accolade further validates the high value the company places on ethical business standards, practices and governance.”
• Completes Broker-Dealer Integration: Massachusetts Mutual Life Insurance Company in March 2017 said it has completed the integration of its existing broker-dealer, MML Investors Services LLC, and MSI Financial Services Inc., the broker-dealer acquired as part of MassMutual’s July 2016 acquisition of the MetLife Premier Client Group, Insurance Journal reported. FINRA approved the merger of the broker-dealers earlier this month. The newly combined entity, which will operate under the MML Investors Services (MMLIS) name, has approximately $206 billion in customer assets. MMLIS now has approximately 8,100 registered representatives set to offer a new product shelf that features combined advisory programs, streamlined annuity offerings and updates to existing products to meet customers’ wealth management and protection goals. An anticipated outcome of the integration is the strengthening of MMLIS Wealth Management Services (WMS), a wealth management platform providing a broad scope of investment capabilities clients require, according to a press release issued by MassMutual. The enhanced WMS complements MassMutual’s offering of protection products, including the company’s whole life insurance. Additionally, among the updated product offerings is a lineup of annuities featuring both MassMutual’s proprietary annuity products as well as those from other providers. Completing the product package are select third-party turnkey asset management programs, a brokerage offering, select bank and trust company referral offerings, as well as select third-party insurance products offered through MML Insurance Agency LLC. “We are extremely excited about the future of our broker-dealer,” said Wendy Benson, President of MMLIS, in the release. “The big winners in all of this are our customers, who will have access not only to a wider range of products and services, but also a tremendous group of advisors – all of whom continue to be unwavering in their commitment to help them secure their future and protect the ones they love.”
• Changes to Leadership Team: Crandall in January 2017 announced a realignment of his executive leadership team, which according to a news release is "designed to accelerate the company's strong strategic momentum, build on our leading financial strength and continue to deliver consistent value to our policy owners." "These important leadership changes at MassMutual demonstrate the depth of experience, knowledge and leadership skills of our executive team, as well as the ability to quickly flex with the aim of better positioning our organization to accelerate our already industry-leading growth,"Crandall said. "I am confident that these moves combine the right talent, leadership and innovative foresight to take our organization forward and help us continue to fulfill our purpose to help people secure their future and protect the ones they love." The changes, which are effective February 1, include the following senior executives, all of whom report directly to Crandall:
• Mark Roellig has been appointed Chief Technology & Administrative Officer, leading the organization responsible for the technological and physical infrastructure that supports MassMutual's ongoing business and enterprise goals. In his new position, Roellig will have direct accountability for the management and oversight of information technology systems and architecture at MassMutual, advancing the role technology plays as a strategic driver of our business success. Additionally, he will continue to be responsible for the corporate administration, real estate and facilities functions. Roellig has been General Counsel of MassMutual since joining the company in 2005.
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