Summary
MetLife Inc. (MET) has announced a change to its Board of Directors, effective February 28, 2023. The Board has been expanded from thirteen to fourteen members with the election of Jeh C. Johnson as a new director. Mr. Johnson's appointment is effective immediately, and he has also been assigned to serve on the Audit Committee and the Governance and Corporate Responsibility Committee. The company has confirmed that Mr. Johnson meets the independence requirements set by the New York Stock Exchange and relevant securities regulations, ensuring robust oversight and governance.
Key Highlights
- 1MetLife Inc. has increased its Board of Directors size from thirteen to fourteen members.
- 2Jeh C. Johnson has been elected as a new director to the Board.
- 3Mr. Johnson has been appointed to the Audit Committee and the Governance and Corporate Responsibility Committee.
- 4The company confirmed Mr. Johnson meets independence criteria under NYSE and SEC rules.
- 5Mr. Johnson will receive standard compensation for non-management directors, including a mix of cash and stock.
- 6Non-management directors receive an annual retainer of $325,000 ($175,000 in stock, $150,000 in cash).