John Y. Kim, who is already the executive vice president of New York Life Insurance Company, will take over the chairman position currently held by Gary Wendlandt on January 1, 2011.

Wendlandt is retiring at the end of December after nearly 40 years in the industry. Kim is currently President and CEO of New York Life Investments, which has more than $275 billion in assets under management, and will carry the title of Chairman and CEO of Investments.  The president’s title will not be used. New York Life Investments is a wholly-owned subsidiary of New York Life Insurance Company, the largest mutual life insurance company in the United States and one of the largest insurers in the world.  

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