METLIFE NAMES JOHN M. VAZQUEZ HEAD OF VENDOR SOURCING AND CORPORATE SERVICES
NEW YORK, December 17, 2009 – MetLife, Inc. (NYSE: MET) announced today that John M. Vazquez has been named vice president of vendor sourcing and corporate services as well as chief procurement officer, effective immediately. In this new role, Vazquez will lead the IT vendor management and sourcing and global procurement teams at MetLife in addition to his current duties as head of corporate real estate and services.
“John has demonstrated solid leadership in managing MetLife’s real estate operations as head of corporate real estate and services and has 25 years of experience in building vendor relationships,” said Margaret (Peggy) Fechtmann, executive vice president, global capability sourcing. “I am confident that his management and industry experience will enable him to strengthen our valuable relationships with suppliers and maximize the efficiency of our organization. With John’s broad oversight of a number of key functions, we will be able to leverage resources, processes and capabilities that enhance value to MetLife. I look forward to his continued contributions to the company’s success in his new, expanded role.”
Vazquez has been sourcing corporate and contracted services for more than 25 years and is an expert in building vendor relationships. He has extensive experience in contract, leasing and sourcing negotiations with major global firms. Vazquez also has a breadth of international experience in real estate and contract negotiations.
As head of corporate real estate and services since joining MetLife in 2004, Vazquez has managed over 15 million square feet of real estate and was responsible for leasing, facilities management, construction and workplace design. He also oversees records retention and records information management, fulfillment, mail and workplace amenities and services. Vazquez is also credited with leading a number of MetLife’s sustainability efforts. He oversees the company’s owned and operated real estate portfolio, which includes 11 ENERGY STAR-rated and two Leadership in Energy & Environmental Design (LEED) certified properties.
Before joining MetLife, Vazquez was senior vice president, global facilities management at JP Morgan Chase. Prior to that, he was program manager of real estate operations at IBM. Vazquez received his bachelor’s degree in mechanical engineering from Manhattan College in 1984 and an MBA degree from Sacred Heart University in 1994.
MetLife, Inc. is a leading provider of insurance, employee benefits and financial services with operations throughout the United States and the Latin America, Europe and Asia Pacific regions. Through its subsidiaries and affiliates, MetLife, Inc. reaches more than 70 million customers around the world and MetLife is the largest life insurer in the United States (based on life insurance in-force). The MetLife companies offer life insurance, annuities, auto and home insurance, retail banking and other financial services to individuals, as well as group insurance and retirement & savings products and services to corporations and other institutions. For more information, visit www.metlife.com.