MARK WEINBERGER NAMED TO METLIFE'S BOARD OF DIRECTORS NEW YORK, August 21, 2019 MetLife, Inc. (NYSE: MET) today announced that Mark Weinberger has been elected to its board of directors, effective immediately.
Weinberger is former global chairman and chief executive officer (CEO) of EY, where he led the global professional services organization through a transformation centered on its purpose of Building a Better Working World. Under Weinberger's leadership, EY successfully executed over 120 acquisitions to expand the organization's digital and operational capabilities in cybersecurity, artificial intelligence and data. He also led investments in EY's global delivery service centers and created a best-in-class employee experience, adding a net 100,000 employees during his tenure. Within the organization, Weinberger championed increasing diversity at all levels and creating an inclusive culture; as chairman, he helped reshape the company's highest governing body to reflect the diversity of EY's employees, clients and the communities in which EY operates. He held various leadership roles in his time with the organization.
Weinberger also has extensive government experience, including as Assistant Secretary of the U. S. Department of the Treasury in the administration of President George W. Bush. Weinberger was appointed by President William J. Clinton to serve on the U.S. Social Security Administration Advisory Board, and he also served as a member of President Donald J. Trump's former Strategic Policy Forum and President Barack H. Obama's Infrastructure Task Force.
"I am pleased to welcome Mark to MetLife's board of directors," said R. Glenn Hubbard, chairman of MetLife, Inc. During his nearly three decades of experience, Mark has been a purpose-driven, transformative leader. His vast public and private sector knowledge will serve MetLife exceptionally well.
Mark is a great addition to the MetLife Board, and I look forward to working with him as we develop the next horizon of our strategy, deliver on our purpose, and create value for our people, our customers, and our shareholders, added MetLife President and CEO Michel Khalaf.
Weinberger plays an active role in the World Economic Forum, serving as a member of its International Business Council and as a Global Agenda Steward for Economic Progress. He is on the board of directors of the U.S. Business Roundtable, previously serving as chair of the Tax and Fiscal Policy Committee, and currently serving as chair of the Audit Committee. He is also on the board of FCLTGlobal, a nonprofit that focuses on long-term investing and corporate governance. He previously served on the board of directors of Catalyst, where he was Audit Committee chair, and is vice chair of the Corporate Fund Board at The Kennedy Center for the Performing Arts.
Weinberger has been recognized with the Achievement Award by the Anti-Defamation League; the Robert S. Hatfield Fellowship in Economic Education Award by Cornell University; and the Pillar of Excellence Award by the Tax Council Policy Institute.
Weinberger received his Bachelor of Arts from Emory University, an MBA and J.D. from Case Western Reserve University, and a Master of Laws in Taxation from Georgetown University Law Center. He has an honorary doctorate from the Kogod School of Business at American University.
MetLife's is the first public company board that Weinberger has joined since stepping down as EY's chairman and CEO effective June 30. With the addition of Weinberger, the MetLife board will be comprised of 13 directors, 12 of whom are independent.
MARK WEINBERGER NAMED TO METLIFE'S BOARD OF DIRECTORS
21/08/2019
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