News People11 Jan 2019

MetLife names Michel A. Khalaf as new president and CEO

| 11 Jan 2019

The board of directors of MetLife, announced that Michel A. Khalaf, president, US business and EMEA, will become MetLife's president and CEO on May 1, 2019. Mr Khalaf also has been appointed to the MetLife board effective May 1.

Mr Khalaf has been MetLife’s president of EMEA since 2011 and in July 2017 added responsibility for the company’s US business. In his expanded role, he has overseen the group benefits, retirement & income solutions, and P&C businesses in the United States; global employee benefits (GEB), MetLife’s only horizontal business providing employee benefits solutions to local and multinational employers in 39 markets; and individual and group insurance businesses sold through agents, brokers, banks and direct channels in more than 25 countries throughout Europe, the Middle East and Africa.

Prior to taking on the leadership of EMEA, Khalaf was executive vice president and CEO of MetLife’s Middle East, Africa and South Asia (MEASA) region. He joined MetLife through its acquisition of American Life Insurance Company (Alico) from American International Group (AIG) in 2010.

Steven A. Kandarian, who is retiring, will continue to serve as chairman, president and CEO through April 30, 2019. Glenn Hubbard, currently MetLife’s independent lead director, will become MetLife’s non-executive chairman upon Kandarian’s retirement.

Mr Hubbard joined the MetLife board in 2007 and became lead director in June 2017. Since 2004, Hubbard has been the Dean and Russell L. Carson Professor of Economics and Finance at Columbia University’s Graduate School of Business, and from 2001 to 2003, he was chairman of the President’s Council of Economic Advisers.

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