Mathas takes reins as NYLI chief

Ted Mathas' promotion makes him the New York-based company’s 18th CEO in its 163-year history.
JUN 30, 2008
New York Life Insurance Co. will have a new leader tomorrow when chief operating officer and president Ted Mathas takes the reins as chief executive officer, replacing the retiring Sy Sternberg. New York Life announced Mr. Mathas' promotion, making him the New York-based company’s 18th CEO in its 163-year history, on Feb. 27 (InvestmentNews Feb. 27). Since 2002, Mr. Mathas has been a member of New York Life's executive management committee. He also serves on the board of Haier New York Life Insurance Ltd. — the company's joint venture in China — as well as on the board of the American Council of Life Insurers. Mr. Sternberg, who has been with New York Life since 1989 and served as CEO since 1997, will remain with the company as chairman of the board of directors in a non-executive capacity for a transition period.

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