June 15 Metlife Inc, the largest U.S.
life insurer, announced added responsibilities for some of its
senior executives, adding to the pool of potential successors to
its chief executive.
The largest U.S. life insurer named Michel Khalaf president
of its U.S. business, effective July 1, to replace Maria Morris
who retires from the company this fall.
Marty Lippert, the company's head of global technology and
operations will take on added responsibility of MetLife
Holdings, the company said.
The appointments of Khalaf and Lippert set up a "horse race"
for MetLife's CEO position, held by Steven Kandarian, 65, who
currently has no plans to retire from his role, an analyst with
Wells Fargo said in a note.
Other potential candidates for the top job include Chief
Financial Officer John Hele, Chief Investment Officer Steven
Goulart, and Asia head Christopher Townsend, the note said.
In June last year, Metlife's board agreed to waive off its
65-year retirement policy for Kandarian, who has been the
company's president and CEO since May 2011.
Ramy Tadros will also join MetLife in September as the new
chief risk officer, the company said.
Tadros comes from Oliver Wyman, a management consulting
firm, where he served as the global head of insurance. He will
replace Stan Talbi, who will retire at the end of August after
43 years with MetLife.
(Reporting By Aparajita Saxena in Bengaluru; Editing by Shounak