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2010 Press Releases

METLIFE ANNOUNCES CHANGES TO EMPLOYEE BENEFITS SALES DIVISION TO POSITION ORGANIZATION FOR CONTINUED GROWTH

New York, NY, June 9, 2010 – MetLife, a leading provider of employee benefits serving more than 60,000 corporations and more than 90 of the top one hundred FORTUNE 500® companies, today announced executive changes in its Employee Benefits Sales (EBS) organization. "We've taken a very focused and deliberate approach to ensuring we provide the marketplace with a distinctive value proposition. By providing our leaders with a variety of challenging and diverse experiences throughout MetLife, we ensure that we have the highest caliber of talent, the broadest perspectives and the greatest innovation driving our business," said MetLife Executive Vice President and head of Employee Benefits Sales, Anthony J. Nugent.

The reorganization, effective immediately, supports the company’s commitment to providing the marketplace with a best-in-class consultative sales team that is known for delivering innovative employee benefits solutions to clients.

“We’ve seen first-hand how creating new opportunities for our leaders facilitates collaboration and the sharing of new perspectives and ideas across our organization. This is what powers our ability to consistently anticipate and best solve for the many challenges that face our clients today,” added Nugent.

Several individuals were appointed to new roles in the reorganization, including:

  • Robert Love, senior vice president who has been responsible for National Accounts (which provides innovative employee benefit and retirement solutions to group customers with 10,000+ employees), will now assume responsibility for Group Benefits Sales, providing similar solutions to groups with 2 - 9,999 employees. Previously, Love led both the National Accounts Detroit Division and the Irvine National Accounts Customer Unit. Love will be succeeding Mike Malouf, senior vice president, who will be joining MetLife's International division where his employee benefits expertise and relationships will play a key role in helping to ensure that the Alico transition is a success.
  • Randy Stram, vice president who has been responsible for Employee Paid Sales (which provides a variety of voluntary and executive benefits), will now assume responsibility for National Accounts. Prior to this appointment, Stram held leadership positions in sales, administration and product development.
  • Dennis Lyons, vice president who has been responsible for Executive Benefits (a niche area within Employee Paid Sales that exclusively addresses the needs of executives), will now assume responsibility for Employee Paid Sales and join the Employee Benefits Sales leadership team. Lyons was previously responsible for developing national relationships with MetLife’s intermediary community as vice president of Broker/Consultant Distribution Strategies.

Rounding out the EBS management team and continuing in their respective roles are: Greg Falzon, who heads a Retirement & Benefits Funding sales force dedicated to stable value, structured settlement, and pension management and risk solutions; Kitty Melfi, who manages planning, strategy and other sales support functions; and Georgette Piligian, who leads Group Benefits Sales Service and Small Market Operations.

MetLife is a subsidiary of MetLife, Inc. (NYSE: MET), 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.

Contact:

jmadden@metlife.com

keldred@metlife.com

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