MetLife, Inc., a leading global insurance provider with a market cap of $56 billion and a 2.65% dividend yield, has announced the election of Christian Mumenthaler to its board of directors, effective May 1, 2025. Mumenthaler, the former Group CEO of Swiss Re, brings a wealth of experience in the insurance and reinsurance sectors that will enhance MetLife’s strategic direction.
With a distinguished career spanning over 25 years at Swiss Re, Mumenthaler has held key roles, including Group Chief Risk Officer, Head of Life & Health, and CEO of Swiss Re’s Reinsurance division. His expertise in both the reinsurance and insurance industries will be instrumental in helping MetLife advance its strategic initiatives.
- Glenn Hubbard, MetLife’s Chairman, expressed confidence in Mumenthaler’s ability to add significant value to the company. “His strategic vision and deep industry expertise will be key assets for MetLife as we continue to grow and evolve,” Hubbard said. Michel Khalaf, MetLife’s President and CEO, echoed this, highlighting Mumenthaler’s innovative approach and extensive industry knowledge as vital for the company’s New Frontier strategy.
MetLife, a global leader in insurance, offers a wide range of services, including insurance, annuities, employee benefits, and asset management. The company posted $71 billion in revenue and $4.2 billion in net income over the past year, reinforcing its strong position in the market. Mumenthaler’s appointment further strengthens MetLife’s governance as part of its continued efforts to shape its future in the ever-evolving financial services industry.
In addition to his executive experience, Mumenthaler holds a Ph.D. in physics from the Swiss Federal Institute of Technology in Zurich and has been an active participant in several influential industry and leadership organizations. He co-chairs the World Economic Forum’s Alliance of CEO Climate Leaders and holds board memberships with the Geneva Association and economiesuisse.
MetLife’s addition of Mumenthaler to its board aligns with the company’s focus on enhancing its leadership and strategic direction. This move marks an exciting step as MetLife continues its commitment to long-term growth, innovation, and delivering value to its shareholders.
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