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Board of Directors

Board of Directors

 

Chairman, President & Chief Executive Officer
MetLife, Inc.

Steven A. Kandarian is chairman of the board, president and chief executive officer of MetLife, Inc. (NYSE: MET), a leading provider of insurance, annuities and employee benefit programs to approximately 100 million customers in nearly 50 markets around the world. He became president and CEO on May 1, 2011 and chairman of the board of directors on January 1, 2012. For 2016, MetLife had $63.5 billion in revenue. The company ranked 42nd on the most recent FORTUNE 500®.

Kandarian joined MetLife in April 2005 as executive vice president and chief investment officer (CIO). From 2007 to 2012, he also led MetLife’s enterprise-wide strategy, which identified key areas of focus for the company. His direction contributed to MetLife’s global expansion and led to significant cost savings as well as efforts to address the insurance needs of the underserved U.S. middle market.

As CIO, Kandarian oversaw the company’s more than $450 billion general account portfolio and led a number of initiatives that strengthened the portfolio and contributed to MetLife’s bottom line. He enhanced the company’s focus on effective risk management and diversified MetLife’s investment portfolio, in part through the $5.4 billion sale of Peter Cooper Village/Stuyvesant Town in 2006. Under Kandarian’s leadership, MetLife identified the housing bubble early and reduced its exposure to sub-prime mortgage-backed securities, raised the overall quality of its corporate credit portfolio, and increased its focus on low loan-to-value commercial and agricultural mortgages. His efforts helped MetLife emerge from the 2008 credit crisis with the financial strength to complete the company’s $16.4 billion purchase of Alico.

From 2001 to 2004, Kandarian was executive director of the Pension Benefit Guaranty Corporation (PBGC). During his tenure, 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, helping to lay the groundwork for the enactment of the Pension Protection Act of 2006.

Previously, Kandarian was founder and managing partner of Orion Partners, LP, a private equity firm based in the Boston area. Earlier he was managing director of Lee Capital Holdings. He began his career as an investment banker with Houston-based Rotan Mosle, Inc.

Kandarian is a board member of the Damon Runyon Cancer Research Foundation, the Institute of International Finance, Lincoln Center for the Performing Arts, Neuberger Berman and the Partnership for New York City. He is a member of the Business Council and the Business Roundtable. Kandarian earned his B.A. from Clark University, J.D. from Georgetown University Law Center, and M.B.A. from Harvard Business School.

 

 

Cheryl W. Grisé
age 64, Former Executive Vice President, Northeast Utilities

Director since 2004
Ms. Grisé’s experience as the chief executive officer of a major enterprise subject to complex regulations has provided her with a substantive understanding of the challenges of managing a highly regulated company such as MetLife. With her executive experience and her experience as a general counsel and corporate secretary, Ms. Grisé brings a unique perspective on the Board’s responsibility for overseeing the management of a regulated enterprise and with respect to the effective functioning of the Company’s corporate governance structures.

Professional Highlights:

  • Northeast Utilities, a public utility holding company engaged in the distribution of electricity and natural gas (1980 – 2007)
    • Executive Vice President (December 2005 – July 2007)
    • Chief Executive Officer of principal operating subsidiaries (September 2002 – January 2007)
    • President, Utility Group, Northeast Utilities Service Company (May 2001 – January 2007)
    • President, Utility Group (May 2001 – December 2005)
    • Senior Vice President, Secretary and General Counsel (1998 – 2001)

Other Professional and Leadership Experience:

  • Trustee Emeritus, University of Connecticut Foundation
  • Senior Fellow, American Leadership Forum
  • Other public company directorships: PulteGroup, Inc.; ICF International
  • Prior public company directorships (past five years): Pall Corporation

Education:

  • B.A., University of North Carolina at Chapel Hill
  • J.D., Thomas Jefferson School of Law
  • Executive Management Program, Yale University School of Organization and Management
 

 

Carlos M. Gutierrez
age 63, Co-Chair, The Albright Stonebridge Group

Director since 2013
As Chairman and Chief Executive Officer of Kellogg, Secretary Gutierrez gained deep insight into the complex challenges of guiding a large enterprise in a competitive global economy. As Secretary of Commerce, he worked with government and business leaders to promote America’s economic interests. Secretary Gutierrez’s unique mix of experience gives him a valuable perspective and ability to oversee management’s efforts to grow and develop MetLife’s global business and its interactions with domestic and foreign governments and regulators.

Professional Highlights:

  • The Albright Stonebridge Group, a consulting firm (April 2013 – Present)
    • Co-Chair (February 2014 – Present)
    • Vice Chair (April 2013 – February 2014)
  • Vice Chairman, Institutional Client Group, Citigroup Inc., a financial services corporation (January 2011 – February 2013)
  • Chairman and Founding Consultant of Global Political Strategies, a division of APCO Worldwide, Inc., a consulting firm (2010 – 2011)
  • Secretary of Commerce of the United States (February 2005 –January 2009)
  • Kellogg Company, a manufacturer of packaged food products (1975 – 2005)
    • Chairman and Chief Executive Officer (2003 – 2005)
    • Chairman, President and Chief Executive Officer (2000 – 2003)
    • President and Chief Executive Officer (1999 – 2000)
    • President and Chief Operating Officer (1998 – 1999)

Other Professional and Leadership Experience:

  • Chairman, U.S.-Cuba Business Council
  • Member, Board of Directors, U.S.-Mexico Foundation
  • Chairman, Board of Trustees, Meridian International Center
  • Co-founder, TheDream.US
  • Member, Board of Directors, Viridis Learning, Inc.
  • Other public company directorships: Occidental Petroleum Corporation; Time Warner, Inc.

Education:

  • Instituto Tecnologico y de Estudios Superiores de Monterrey, Business Administration Studies
 

 

David L. Herzog
age 57, Former Chief Financial Officer and Executive Vice President of American International Group

Director since 2016
Mr. Herzog brings more than three decades of life insurance and financial services expertise to MetLife. His experience as the chief financial officer of a global insurance company uniquely positions him to enhance shareholder value by leveraging his financial and risk management expertise, executive leadership experience, and deep understanding of the insurance business. These qualities and his broad knowledge of and experience in accounting are valuable to the Board’s oversight of the management of MetLife, a global insurance and financial services firm.

Professional Highlights:

  • American International Group (AIG), an insurance company (2000 – 2016)
    • Chief Financial Officer and Executive Vice President (October 2008 – April 2016)
    • Senior Vice President and Comptroller (June 2005 – October 2008)
    • Chief Financial Officer for worldwide life insurance operations (April 2004 – June 2005)
    • Vice President, Life Insurance (2003 – 2004)
    • Various senior officer positions, including Chief Financial Officer and Chief Operating Officer of American General Life following its acquisition by AIG
  • Various executive positions, GenAmerica Corporation (1991 – 2000), including:
    • Chief Financial Officer (1999 – 2000)
    • President, GenAm Shared Services (1998 – 1999)
  • Controller, Family Guardian Life Insurance Company (1987 – 1991)
  • Coopers & Lybrand, a predecessor firm of PricewaterhouseCoopers LLP (1982 – 1987)

Other Professional and Leadership Experience:

  • Member of numerous professional and civic organizations, including:
    • Investment Advisory Committee, University of Missouri
    • Strategic Development Board, University of Missouri Business School
  • Former member of Federal Advisory Committee on Insurance
  • Other public company directorships: Ambac Financial Group, Inc.; DXC Technology Company
  • Prior public company directorships (past five years): AerCap Holdings N.V.

Education:

  • B.S., University of Missouri-Columbia
  • M.B.A., University of Chicago Booth School of Business
 

 

R. Glenn Hubbard, Ph.D.
age 58, Dean and Russell L. Carson Professor of Economics and Finance, Graduate School of Business, Columbia University

Lead Director
Director since 2007
As an economic policy advisor to the highest levels of government and financial regulatory bodies, Dr. Hubbard has an unparalleled understanding of global economic conditions and emergent regulations and economic policies. This expertise contributes to the Board’s understanding of how shifting economic conditions and developing regulations and economic policies may impact MetLife’s investments, businesses, and operations worldwide.

Professional Highlights:

  • Columbia University
    • Dean, Graduate School of Business (2004 – Present)
    • Russell L. Carson Professor of Economics and Finance, Graduate School of Business (1994 – Present)
    • Professor of Economics, Faculty of Arts and Sciences (1997 – Present)
  • Co-Chair, Committee on Capital Markets Regulation, an independent nonprofit research organization (2006 – Present)
  • Chairman, President’s Council of Economic Advisers, an agency within the Executive Office of the President of the United States (2001 – 2003)
  • Chairman of the Economic Policy Committee, Organization for Economic Cooperation and Development, an international economic and trade organization (2001 – 2003)
  • Deputy Assistant Secretary for Tax Policy, United States Department of the Treasury (1991 – 1993)

Other Professional and Leadership Experience:

  • Member of numerous professional and civic organizations, including:
    • Economic Advisory Panel, Federal Reserve Bank of New York
    • Council on Foreign Relations
    • Advisory Board of the National Center on Addiction and Substance Abuse
  • Other public company directorships: Automatic Data Processing, Inc.; BlackRock Closed-End Funds
  • Prior public company directorships (past five years): KKR Financial Holdings LLC

Education:

  • B.A. and B.S., University of Central Florida
  • Ph.D. and A.M., Harvard University
 

 

Alfred F. Kelly, Jr.
age 58, Chief Executive Officer, Visa Inc.

Director since 2009
Through his roles as a senior executive of a global financial services business and a global payments technology company, and as the head of information systems of the White House, Mr. Kelly brings significant experience in risk management and mitigation, marketing, information technology and data management, as well as a sophisticated understanding of the considerations of shareholder value creation. These experiences and expertise are important to the Board’s oversight of the Company’s design and approach to risk management.

Professional Highlights:

  • Chief Executive Officer, Visa Inc., a global payments technology company (December 2016 – Present)
  • President and Chief Executive Officer, Intersection, a digital technology and media company (March 2016 – October 2016)
  • Management Advisor, TowerBrook Capital Partners L.P., an investment management firm (April 2015 – February 2016)
  • Chairman, 2015 Papal Visit to New York City (January 2015 – November 2015)
  • Chairman of the Board, President and Chief Executive Officer, NY/NJ Super Bowl Host Company, a nonprofit fundraising and planning organization (April 2011 – August 2014)
  • American Express Company, a financial services corporation
    • President (July 2007 – April 2010), responsible for global consumer businesses, including consumer and small business cards, customer service, global banking, prepaid products, consumer travel, and risk and information management
    • Group President (2005 – 2007), responsible for several key businesses, including U.S. consumer and small business cards, U.S. customer service, and risk management
  • Head of Information Systems, White House (1985 – 1987), with oversight of the information processing functions for several government agencies that comprise the Executive Office of the President

Other Professional and Leadership Experience:

  • Vice Chairman, Wall Street Charity Golf Classic (benefits the Cystic Fibrosis Foundation)
  • Member, Boards of Trustees, of:
    • New York-Presbyterian Hospital (Chair of Audit and Compliance Committee, Member of Executive Committee)
    • St. Joseph’s Seminary and College
    • New York Catholic Foundation
    • Boston College
  • Other public company directorships: Visa Inc.
  • Prior public company directorships (past five years): Affinion Group Holdings, Inc. and its wholly-owned subsidiary, Affinion Group, Inc.

Education:

  • B.A. and M.B.A., Iona College
 

 

Edward J. Kelly, III
age 63, Former Chairman, Institutional Clients Group, Citigroup Inc.

Director since 2015
Mr. Kelly’s extensive leadership experience as an executive in the financial services industry further strengthens the Board’s strong qualifications to oversee the execution of MetLife’s strategies in complex legal and regulatory environments. His experience includes key roles in building a client-centric model and managing the global operations of a major financial institution. Further, Mr. Kelly’s deep knowledge of investments and financial products and services makes him a valuable asset to MetLife and its shareholders.

Professional Highlights:

  • Citigroup Inc., a financial services corporation
    • Chairman, Institutional Clients Group (January 2011– July 2014)
    • Chairman, Global Banking (April 2010 – January 2011)
    • Vice Chairman (July 2009 – March 2010)
    • Chief Financial Officer (March 2009 – July 2009)
    • Head of Global Banking (September 2008 – March 2009)
    • President and Chief Executive Officer, Citi Alternative Investments (March 2008 – August 2008)
    • President, Citi Alternative investments (February 2008 –March 2008)
  • Managing Director, The Carlyle Group, an asset management firm (July 2007 – January 2008)
  • Executive and leadership positions at various organizations, including:
    • The PNC Financial Services Group, Inc., a financial services corporation (March 2007 – June 2007)
    • Mercantile Bankshares Corporation, a financial services corporation (March 2001 – March 2007)
    • J.P. Morgan Chase & Co. (and its predecessor company J.P. Morgan & Co. Incorporated), a financial services corporation (November 1994 – January 2001)
  • Partner, Davis Polk & Wardwell LLP, a law firm (January 1988 – October 1994)

Other Professional and Leadership Experience:

  • Senior Advisor, Corsair Capital, a private equity firm
  • Member, Board of Directors, Focused Ultrasound Foundation, a non-profit entity
  • Lecturer, University of Virginia School of Law
  • Former member of Board of Directors, Securities Industry and Financial Markets Association, a financial industry trade association
  • Other public company directorships: CSX Corporation; XL Group plc

Education:

  • A.B., Princeton University
  • J.D., University of Virginia School of Law
 

 

William E. Kennard
age 60, Former U.S. Ambassador to the European Union

Director since 2013
Mr. Kennard’s career has given him public policy and global investment expertise. As United States Ambassador to the European Union, Mr. Kennard worked to promote transatlantic trade and investment and reduce regulatory barriers to commerce. In his years of public service, Mr. Kennard advanced access of underserved populations to technology. Mr. Kennard’s extensive regulatory and international experience enhances the Board’s ability to oversee MetLife’s strategies.

Professional Highlights:

  • Co-Founder and Non-Executive Chairman, Velocitas Partners LLC, an asset management firm (November 2013 – Present)
  • Senior Industry Advisor, Astra Capital Management, a private equity firm (June 2016 – Present)
  • Member of Operating Executive Board, Staple Street Capital, a private equity firm (November 2013 – Present)
  • United States Ambassador to the European Union (December 2009 – August 2013)
  • Managing Director, The Carlyle Group, an asset management firm (May 2001 – December 2009)
  • United States Federal Communications Commission (December 1993 – January 2001)
    • Chairman (November 1997 – January 2001)
    • General Counsel (December 1993 – November 1997)
  • Partner, Verner, Liipfert, Bernhard, McPherson and Hand (now DLA Piper), a law firm (April 1984 – December 1993)

Other Professional and Leadership Experience:

  • Member of:
    • Board of Directors, Center for a New American Security
    • Board of Directors, International African American Museum
  • Trustee, Yale Corporation
  • Other public company directorships: Duke Energy Corporation; AT&T Inc.; Ford Motor Company

Education:

  • B.A., Phi Beta Kappa, Stanford University
  • J.D., Yale Law School
 

 

James M. Kilts
age 69, Founding Partner, Centerview Capital

Director since 2005
As a founding partner of a private equity firm and as a senior executive of several major consumer product companies with global sales and operations, Mr. Kilts brings an in-depth understanding of the business challenges and opportunities of diversified global enterprises and the related financial, risk management, talent management, and shareholder value creation considerations. These experiences and knowledge enhance the Board’s ability to oversee the management of MetLife.

Professional Highlights:

  • Founding Partner, Centerview Capital, a private equity firm (October 2006 – Present)
  • Vice Chairman, Board of Directors, The Procter & Gamble Company, a consumer products company (October 2005 – October 2006)
  • The Gillette Company, a consumer products company
    • Chairman of the Board (January 2001 – October 2005)
    • Chief Executive Officer (February 2001 – October 2005)
    • President (November 2003 – October 2005)
  • President and Chief Executive Officer, Nabisco Group Holdings Corp. and Nabisco Inc., manufacturer and marketer of packaged food products (January 1998 – December 2000)
  • Executive Vice President, Worldwide Food, Philip Morris, a manufacturer and marketer of packaged food products (1994 – 1997)
  • Various positions, Kraft, a manufacturer and marketer of packaged food products (1989 – 1994), including:
    • President, Kraft USA and Oscar Mayer
    • Senior Vice President, Strategy and Development
    • President, Kraft Limited in Canada
    • Senior Vice President, Kraft International

Other Professional and Leadership Experience:

  • Member of:
    • Board of Overseers, Weill Cornell Medicine
    • Board of Trustees, Knox College
    • Board of Trustees, University of Chicago
    • Board of Directors, Cato Institute
  • Founder and Member, Steering Committee, Kilts Center for Marketing, University of Chicago Booth School of Business
  • Other public company directorships: Pfizer, Inc.; Unifi, Inc.; Executive Chairman of Conyers Park Acquisition Corp.
  • Prior public company directorships (past five years): Non-Executive Director of Nielsen Holdings plc; MeadWestvaco Corporation

Education:

  • B.A., Knox College
  • M.B.A., University of Chicago
 

 

Catherine R. Kinney
age 65, Former President and Co-Chief Operating Officer, New York Stock Exchange, Inc.

Director since 2009
Ms. Kinney’s experience as a senior executive and chief operating officer of a multinational, regulated entity, her key role in transforming the New York Stock Exchange (NYSE) to a publicly held company, and her leadership in developing and establishing the NYSE corporate governance standards for its listed companies (including MetLife) demonstrate her knowledge of and experience with issues of corporate development, transformation and governance. These qualities are relevant to ensuring that the Board establishes and maintains effective governance structures appropriate for a global provider of insurance and financial products and services.

Professional Highlights:

  • NYSE Euronext, a provider of financial services including securities exchange and clearing operations
    • Served in Paris, France, with responsibility for overseeing the global listing program, marketing and branding (July 2007 – March 2009)
    • President and Co-Chief Operating Officer, New York Stock Exchange, Inc. (merged with Euronext in 2008 to form NYSE Euronext) (2002 – 2008)
    • Ms. Kinney joined the New York Stock Exchange in 1974 and held management positions in several divisions, with responsibility for all client relationships (1996 – 2007), trading floor operations and technology (1987 – 1996), and regulation (2002 – 2004)

Other Professional and Leadership Experience:

  • Chair, Board of Trustees, Catholic Charities of the Archdiocese of New York
  • Member of Economic Club of New York
  • Other public company directorships: MSCI Inc.; QTS Realty Trust, Inc.
  • Prior public company directorships (past five years): NetSuite, Inc.

Education:

  • B.A., magna cum laude, Iona College
  • Advanced Management Program, Harvard Graduate School of Business
  • Honorary Degrees: Georgetown University; Fordham University; Rosemont College
 

 

Denise M. Morrison
age 63, President and Chief Executive Officer, Campbell Soup Company

Director since 2014
Ms. Morrison has a long and distinguished track record of building strong businesses and growing iconic brands. Her experience as chief executive officer of a global company provides her with a strong understanding of the key strategic challenges and opportunities of running a large, complex business, including financial management, operations, risk management, talent management and succession planning. Ms. Morrison’s strong commitment to corporate social responsibility and civic engagement make her a valuable resource for MetLife and its shareholders.

Professional Highlights:

  • Campbell Soup Company, a food and beverage company (2003 – Present)
    • President and Chief Executive Officer (August 2011 – Present)
    • Executive Vice President and Chief Operating Officer (October 2010 – July 2011)
    • President, North America Soup, Sauces and Beverages (October 2007 – September 2010)
    • President, Campbell USA (June 2005 – September 2007)
    • President, Global Sales and Chief Customer Officer (April 2003 – May 2005)
  • Kraft Foods, Inc., a food and beverage company (1995 – 2003)
    • Various leadership roles, including: Executive Vice President and General Manager, Kraft Snacks (2001 – 2003); Executive Vice President and General Manager, Kraft Confections (2001); Senior Vice President and General Manager, Nabisco Down the Street (2000); Senior Vice President, Nabisco Sales and Integrated Logistics (1998 – 2000)
  • Various senior marketing and sales positions, Nestlé USA, Inc., a food and beverage company (1984 – 1995)
  • Various trade and business development positions, PepsiCo, Inc., a food and beverage company (1982 – 1984)
  • The Procter & Gamble Company, a consumer products company (1975 – 1982)

Other Professional and Leadership Experience:

  • Member, Boards of Directors, of:
    • Consumer Goods Forum (Co-Chair)
    • Catalyst, Inc., a nonprofit organization that strives to expand opportunities for women in business
    • Grocery Manufacturers Association
  • Member of:
    • President Donald Trump’s Manufacturing Jobs Initiative
    • Business Roundtable
    • Business Council
  • Other public company directorships: Campbell Soup Company
  • Prior public company directorships (past five years): The Goodyear Tire & Rubber Company

Education:

  • B.S., Boston College
 
 

Board Committee Information

Board Committee Memberships

 
 
 
 
 

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