MetLife CEO names cost-cutter Steigerwalt as interim U.S. head
November 9, 2015 by KATHERINE CHIGLINSKY, DONI BLOOMFIELD
(Bloomberg) — MetLife Inc.promoted Eric Steigerwalt to interim head of the U.S. business, the insurer’s largest division, after the executive worked on reducing costs by consolidating offices and cutting jobs.
Steigerwalt, who had led U.S. retail, adds responsibility for other units in the nation, including group-voluntary coverage, workplace benefits, corporate benefit funding and direct sales, Chief Executive Officer Steve Kandarian said Thursday on a conference call held by the New York-based company. The life insurer is still seeking a replacement for William Wheeler, who was considered a candidate to become CEO until he stepped down this year as head of the Americas, a role that includes oversight of the U.S. and Latin American nations. Click HERE to read article
