MassMutual Announces Finance Leadership Transition

SPRINGFIELD, Mass., March 15, 2012 /PRNewswire/ -- Massachusetts Mutual Life Insurance Company (MassMutual) announced today the following finance leadership transitions as part of an enterprise-wide focus on developing talent and expanding the influence of key leaders. 

• Greg Deavens, senior vice president, has assumed the role of Corporate Controller, reporting to Michael Rollings, Chief Financial Officer, MassMutual.  Mr. Deavens now leads MassMutual's financial reporting, accounting policy, financial systems and GIA investment reporting functions.  Mr. Deavens joined MassMutual in 2006 as senior vice president to lead the company's U.S. Insurance Group finance division.
• Norm Smith, senior vice president, now leads MassMutual's U.S. Insurance Group finance division, reporting to Michael Fanning, Executive Vice President, U.S. Insurance Group, MassMutual.  Mr. Smith is responsible for the financial management activities for the company's insurance business, including financial planning and analysis, competitive analysis, expense management and oversight for key elements of the internal control environment.  Mr. Smith joined MassMutual in 2000 and led the finance function for MassMutual's disability income insurance business for four years before moving into the role of Corporate Controller in 2004. 

(Photo: http://photos.prnewswire.com/prnh/20120315/NY70976-a)

(Photo: http://photos.prnewswire.com/prnh/20120315/NY70976-b)

"With the depth and breadth of their combined experience, along with their unwavering commitment to financial integrity, we're confident that Greg and Norm will be valuable leadership additions to their respective new teams as we remain intensely focused on maximizing the value we provide our policyholders and customers," said Mr. Fanning.  "These talented business leaders have tirelessly demonstrated a deep commitment to the operating priorities demanded by these critical positions."

"Our succession planning and bench strength allows MassMutual the opportunity to transition key leaders to other critical roles to influence and advance the company's strategies," added Mr. Rollings.  "Both Greg and Norm have been major forces in the steady growth and many successes of our business, and the smooth transition we expect speaks well of the depth of bench strength within MassMutual."

About MassMutual
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.

For more information, visit www.massmutual.com, 'Like' MassMutual on Facebook, or follow MassMutual on Twitter.

CONTACT:
Paula Tremblay
413-744-0885

SOURCE MassMutual