MetLife Promotes Investment Manager Kandarian to Chief Executive
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MetLife Inc., the largest U.S. life insurer, promoted the manager who oversees its $450 billion investment portfolio to be the next chief executive officer.
Steven Kandarian, 59, will replace Robert Henrikson on May 1, MetLife said yesterday in a statement. Henrikson, 63, who expanded in Japan this year with the purchase of a life unit from American International Group Inc., will remain chairman through the end of this year, New York-based MetLife said. He reaches mandatory retirement age in 2012.