Summary
This 8-K filing from MetLife Inc., filed on March 23, 2011, reports a significant executive change. Effective March 20, 2011, Steven A. Kandarian has stepped down from his role as President and Chief Executive Officer. He will continue to serve as the Executive Chairman of the Board of Directors until the company's 2011 annual meeting of stockholders. This transition marks a key leadership change for the company.
Key Highlights
- 1Steven A. Kandarian has transitioned from President and CEO to Executive Chairman.
- 2The change in leadership was effective March 20, 2011.
- 3Kandarian will remain on the Board as Executive Chairman until the 2011 annual stockholder meeting.
- 4The filing pertains to Item 5.02, covering departures of officers and director elections.
- 5This is a significant leadership change at the top executive level of MetLife Inc.