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MetLife Hires Tadikonda From Bain as Strategy Chief

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July 16 (Bloomberg) -- MetLife Inc., the largest U.S. life insurer, hired Rebecca Tadikonda from Bain & Co. to advise Chief Executive Officer Steve Kandarian on strategy.

Tadikonda, 41, was named chief enterprise strategy officer, effective July 21, the New York-based insurer said today in a statement. She replaces Kishore Ponnavolu, who’s now president of MetLife’s home and auto business.

Kandarian has turned to markets outside the U.S. to boost profit as he scales back from some capital-intensive businesses amid pressure from low interest rates. Tadikonda was a partner at Bain where she advised insurance clients on business transformations, global growth strategies and customer experience, MetLife said today.

“Rebecca will play a critical role in helping MetLife continually adapt to a changing external environment,” Kandarian said in the statement. “An aligned, integrated enterprise strategy is essential to creating value for customers and shareholders.”

Tadikonda, who has an MBA from Stanford University and a bachelor’s in economics from Dartmouth College, began her career at Bain. She worked at VeriSign Inc. and DHL Worldwide Express before returning to the consulting from in 2003. Cheryl Krauss, a spokeswoman for Boston-based Bain, did not immediately return a message seeking comment.

To contact the reporter on this story: Zachary Tracer in New York at ztracer1@bloomberg.net

To contact the editors responsible for this story: Dan Kraut at dkraut2@bloomberg.net

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