Thomas Schievelbein Appointed Lead Director of New York Life’s Board of Directors

Business Wire

NEW YORK--(BUSINESS WIRE)--
New York Life, America’s largest¹ mutual life insurer, today announced the appointment of Thomas Schievelbein as Lead Director of New York Life’s Board of Directors, effective July 1, 2022. Thomas Schievelbein was the chairman, president, and chief executive officer of the Brink’s Company and was also the president of Northrop Grumman Newport News. He has served on New York Life’s Board since 2006 and Mr. Schievelbein is a member of the Governance Committee, the Investment Committee and the Talent, Diversity & Compensation Committee. Mr. Schievelbein also serves on the board of Huntington Ingalls Industries Inc.

“Tom Schievelbein is an invaluable member of the Board and New York Life will benefit greatly from his leadership, business experience and in-depth knowledge as Lead Director,” said Ted Mathas, chairman of New York Life’s Board.

Mr. Schievelbein is a past member of the Secretary of the Navy’s Advisory Panel and was a director of the U.S. Naval Academy Foundation from 2004 through 2012. He received a Bachelor of Science degree in Marine Engineering from the U.S. Naval Academy and a Master’s Degree in Nuclear Engineering from the University of Virginia.

ABOUT NEW YORK LIFE

New York Life Insurance Company (www.newyorklife.com), a Fortune 100 company founded in 1845, is the largest mutual life insurance company in the United States¹ and one of the largest life insurers in the world. Headquartered in New York City, New York Life’s family of companies offers life insurance, retirement income, investments and long-term care insurance. New York Life has the highest financial strength ratings currently awarded to any U.S. life insurer from all four of the major credit rating agencies².

¹ Based on revenue as reported by “Fortune 500 ranked within Industries, Insurance: Life, Health (Mutual),” Fortune magazine, 5/23/2022. For methodology, please see http://fortune.com/fortune500/.

²Individual independent rating agency commentary as of 9/30/2021: A.M. Best (A++), Fitch (AAA), Moody’s Investors Service (Aaa), Standard & Poor’s (AA+).