New York Life taps chairman and CEO

New York Life International, the overseas arm of New York Life Insurance Co., has hired Richard L. Mucci as its chairman and chief executive. He replaces Joseph Gilmour, who will leave the company, and will begin his new job on Oct. 8. Mr. Mucci will be responsible for providing the senior executive leadership of New York Life's operations in Argentina, China, Hong Kong, India, Mexico, South Korea, Taiwan, and Thailand. He will also take a place on New York Life's Executive Management Committee. Prior to joining New York Life, Mr. Mucci last served as the head of the Group Benefits Division at Hartford Life Inc. in Simsbury, Conn. New York Life International also promoted its two regional chief executives, William Beaty and John Harrison, to vice chairmen, effective immediately. They will report to Mr. Mucci. Mr. Beaty, the Latin America chief executive, is joining the International Home Office team and will be splitting his time between Mexico and New York. Mr. Harrison will continue as chief executive overseeing all Asia markets and will remain based in the Asia Regional Office in Hong Kong.