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MetLife’s Chief Accounting Officer to Become Brighthouse COO

April 20, 2017 by Marie Suszynski

NEW YORK – MetLife Inc.’s chief accounting officer, Peter M. Carlson, will become chief operating officer of the company’s subsidiary Brighthouse Financial Inc. on June 1.

Carlson took the position at MetLife in 2009, joining the company from Wachovia Corp.

William O’Donnell, current head of financial management reporting at MetLife, will take on Carlson’s role as chief accounting officer, also effective June 1, according to the company’s 8K filing with the U.S. Securities and Exchange Commission.

O’Donnell has been at MetLife for 28 years and has been senior vice president for MetLife Group Inc. since 2014 and vice president of Metropolitan Life Insurance Co. since 2004. Currently, he is responsible for enterprise financial planning and analysis, financial support for internal services organizations, human resources, marketing, communications, and is global employee benefits chief financial officer.

Last October, MetLife filed to spin off its retail business, renamed Brighthouse Financial.

In February, MetLife’s chief executive officer, Steven Kandarian, said the insurer planned on completing the separation of Brighthouse during the first quarter (Best’s News Service, Feb. 2, 2017).

On the afternoon of April 19, shares of MetLife Inc. (NYSE: MET) were $51.10, down 0.19% from the previous close.

Subsidiaries of MetLife Inc. have a current Best’s Financial Strength Rating of A+ (Superior) or A (Excellent).

(By Marie Suszynski, BestWeek Correspondent: Marie.Suszynski@ambest.com)

Originally Posted at AM Best on April 19, 2017 by Marie Suszynski.

Categories: Industry Articles