Summary
MetLife, Inc. (MET) announced a significant change to its Board of Directors on February 24, 2026, by increasing the board size from eleven to thirteen members and appointing two new independent directors, Daniel S. Glaser and Michelle R. Seitz. Both directors have been immediately assigned to key board committees, reflecting their expertise and the company's strategic focus on governance, risk, compensation, and investment oversight. This expansion and appointment of experienced individuals are intended to enhance the board's capabilities and provide diverse perspectives crucial for navigating the complex financial services landscape.
Key Highlights
- 1Board size increased from eleven to thirteen directors.
- 2Daniel S. Glaser appointed as a new independent director.
- 3Michelle R. Seitz appointed as a new independent director.
- 4Mr. Glaser appointed to Audit, Compensation, and Finance & Risk Committees.
- 5Ms. Seitz appointed to Compensation, Governance & Corporate Responsibility, and Investment Committees.
- 6Both new directors deemed independent by the Board.
- 7New directors will receive standard non-management director compensation.
Frequently Asked Questions
MetLife increased its Board size to accommodate the appointment of two new independent directors, Daniel S. Glaser and Michelle R. Seitz. This expansion aims to bring in diverse expertise and perspectives to enhance the Board's oversight and strategic guidance.
Daniel S. Glaser has joined the Audit, Compensation, and Finance & Risk Committees, while Michelle R. Seitz has joined the Compensation, Governance & Corporate Responsibility, and Investment Committees. Their appointments to these critical committees suggest a focus on strengthening oversight in areas such as financial reporting, executive compensation, risk management, corporate governance, and investment strategy.
Mr. Glaser and Ms. Seitz will participate in MetLife's standard non-management director compensation plan, which includes an annual retainer of $355,000, split between $205,000 in company stock and $150,000 in cash. They will receive a pro-rated retainer based on their start date.
Yes, the Board of Directors has affirmatively determined that both Daniel S. Glaser and Michelle R. Seitz meet the criteria for independence.