Press release from Business Wire
Christopher G. Townsend to Lead MetLife's Asia Region
Tuesday, May 08, 2012
Christopher G. Townsend to Lead MetLife's Asia Region16:04 EDT Tuesday, May 08, 2012
NEW YORK (Business Wire) -- MetLife, Inc. (NYSE: MET) announced today that Christopher Townsend, 43,
will join the company as head of its Asia region, which consists of
Japan, Korea, Australia, Hong Kong and China. Townsend will report to
the CEO and become a member of the company's executive management team.
In 2011, MetLife's Asia region generated $8.7 billion in premiums, fees
& other revenues and more than $850 million in operating earnings.
“Chris will be an outstanding leader of our Asia region,” said Steven A.
Kandarian, chairman, president and chief executive officer of MetLife,
Inc. “He is a proven executive who knows how to drive profitable growth
across multiple distribution channels.”
Townsend, who will be based in Hong Kong, joins MetLife from Chartis, a
leading insurance organization serving more than 70 million clients
around the world. He most recently served as chief executive officer of
the company's Asia-Pacific region with 4,700 employees in 15 countries.
Townsend previously was chief executive officer of Chartis–Australasia,
with responsibility for the company's businesses across Australia, New
Zealand and the Pacific Islands. Earlier, he was the CEO for Hong Kong,
head of mergers and acquisitions, and held a number of senior leadership
roles in Hong Kong, Singapore, London and Sydney. He joined Chartis in
the United Kingdom in 1991 and has spent more than half of his 21-year
career in the company's Asia-Pacific region. Townsend has agreed to join
MetLife after a period of time during which he fulfills his existing
obligations to Chartis.
In the fall of 2011, MetLife announced that it was organizing its
business segments by three broad geographic regions – the Americas, EMEA
(Europe/Middle East/Africa), and Asia – and a Global Employee Benefits
business.
“With Chris joining MetLife, we will have experienced leaders in place
in all three of MetLife's geographic regions and our Global Employee
Benefits business,” Kandarian said. “I am confident they will deliver
strong results for our customers, employees and shareholders.”
MetLife, Inc. is a leading global provider of insurance, annuities and
employee benefit programs, serving 90 million customers. Through its
subsidiaries and affiliates, MetLife holds leading market positions in
the United States, Japan, Latin America, Asia, Europe and the Middle
East. For more information, visit www.metlife.com.
This press release may contain or incorporate by reference information
that includes or is based upon forward-looking statements within the
meaning of the Private Securities Litigation Reform Act of 1995.
Forward-looking statements give expectations or forecasts of future
events. These statements can be identified by the fact that they do not
relate strictly to historical or current facts. They use words such as
“anticipate,” “estimate,” “expect,” “project,” “intend,” “plan,”
“believe” and other words and terms of similar meaning in connection
with a discussion of future operating or financial performance. In
particular, these include statements relating to future actions,
prospective services or products, future performance or results of
current and anticipated services or products, sales efforts, expenses,
the outcome of contingencies such as legal proceedings, trends in
operations and financial results.
Any or all forward-looking statements may turn out to be wrong. They can
be affected by inaccurate assumptions or by known or unknown risks and
uncertainties. Many such factors will be important in determining the
actual future results of MetLife, Inc., its subsidiaries and affiliates.
These statements are based on current expectations and the current
economic environment. They involve a number of risks and uncertainties
that are difficult to predict. These statements are not guarantees of
future performance. Actual results could differ materially from those
expressed or implied in the forward-looking statements. Risks,
uncertainties, and other factors that might cause such differences
include the risks, uncertainties and other factors identified in
MetLife, Inc.'s most recent Annual Report on Form 10-K (the “Annual
Report”) filed with the U.S. Securities and Exchange Commission (the
“SEC”), Quarterly Reports on Form 10-Q filed by MetLife, Inc. with the
SEC after the date of the Annual Report under the captions “Note
Regarding Forward-Looking Statements” and “Risk Factors,” and other
filings MetLife, Inc. makes with the SEC. MetLife, Inc. does not
undertake any obligation to publicly correct or update any
forward-looking statement if we later become aware that such statement
is not likely to be achieved. Please consult any further disclosures
MetLife, Inc. makes on related subjects in reports to the SEC.
MetLifeFor Media:John Calagna(212) 578-6252orFor
Investors:John McCallion(212) 578-7888
