SPRINGFIELD, Mass., April 14, 2011 /PRNewswire/ -- Massachusetts Mutual Life Insurance Company (MassMutual) announced today it has elected Cristobal I. Conde and H. Todd Stitzer to its Board of Directors. Mr. Conde is President and Chief Executive Officer of SunGard Data Systems Inc. Mr. Stitzer is the former Chief Executive Officer of Cadbury PLC. Their appointments are effective today.
Roger W. Crandall, Chairman, President and Chief Executive Officer, MassMutual, said, "We are pleased to welcome both Cris Conde and Todd Stitzer to our Board of Directors. They each bring a broad and diverse range of experience and expertise, and are both proven, results-oriented leaders in their respective industries. I am confident that both Cris and Todd will make powerful contributions to our core purpose of delivering long-term financial security and value to our policyholders."
Cristobal I. Conde
Mr. Conde is President and CEO of SunGard Data Systems Inc., one of the world's leading software and technology services companies. He was elected CEO in 2002 and has been a member of its Board of Directors since 1999.
Mr. Conde served as Chief Operating Officer between 1999 and 2002 and previously led SunGard's Trading Systems division, which he started in 1990. Prior to joining SunGard, Mr. Conde co-founded Devon Systems International, Inc., which was acquired by SunGard in 1987. At the time, Devon focused on providing systems for the interest rate and currency derivatives markets. Mr. Conde holds a B.S. in Astronomy and Physics from Yale University.
H. Todd Stitzer
From 2003 to 2010, Mr. Stitzer served as CEO of Cadbury PLC, one of the world's largest confectionery companies and producers of chocolate, candy and gum. He retired from Cadbury in 2010 after the company was acquired by Kraft Foods. Prior to becoming CEO at Cadbury, he had served in a number of roles at the company for more than 25 years, including Deputy CEO from 2002 to 2003, Chief Strategy Officer from 2000 to 2002, and President and CEO of Dr. Pepper/Seven Up Inc., from 1997 to 2000. He had been an Executive Director of the company since March 2000.
Mr. Stitzer first joined Cadbury Schweppes North America in 1983 as an Assistant General Counsel, and advanced into a number of senior legal positions with increasing responsibility at the company, including Vice President, General Counsel and Secretary at Cadbury Beverages.
Mr. Stitzer also serves on the Board of Diageo PLC, the Advisory Committee of Virgin Group Holdings LLC and the Advisory Board of Hamlin Capital Management LLC. He holds a J.D. from Columbia University Law School and a B.A. from Harvard College.
Founded in 1851, MassMutual is a leading mutual life insurance company that is run for the benefit of its members and participating policyholders. The company has a long history of financial strength and strong performance, and although dividends are not guaranteed, MassMutual has paid dividends to eligible participating policyholders every year since the 1860s. With whole life insurance as its foundation, MassMutual provides products to help meet the financial needs of clients, such as life insurance, disability income insurance, long term care insurance, retirement/401(k) plan services, and annuities. In addition, the company's strong and growing network of financial professionals helps clients make good financial decisions for the long-term.
MassMutual Financial Group is a marketing name for Massachusetts Mutual Life Insurance Company (MassMutual) and its affiliated companies and sales representatives. MassMutual is headquartered in Springfield, Massachusetts and its major affiliates include: Babson Capital Management LLC; Baring Asset Management Limited; Cornerstone Real Estate Advisers LLC; The First Mercantile Trust Company; MassMutual International LLC; MML Investors Services, LLC, member FINRA and SIPC; OppenheimerFunds, Inc.; and The MassMutual Trust Company, FSB.