Two weeks after being hired as the new CEO of
The news came in a wake of the ongoing scandal with ousted executive Robert J. O'Connell. O'Connell, the previous CEO of seven years, was fired by the board of directors two weeks ago for misconduct and is now facing state allegations that may be followed by criminal charges from Massachusetts Attorney General Thomas F. Reilly. Allegedly, O'Connell engaged in illegal trading, pushed for a company-owed condo in Florida, used company jets for personal trips, and interfered in disciplinary actions against his son and son-in-law.
"The Office of the CEO will ensure we are operating at maximum efficiency in each part of the organization, and that we fully leverage our synergies as one enterprise," said Reese.
The other four member of the new executive unit include Chief Investment Officer Roger Crandall, Chief Financial Officer Howard Gunton, CEO of MassMutual's
The staff of Money Management Executive ("MME") has prepared these capsule summaries based on reports published by the news sources to which they are attributed. Those news sources are not associated with MME, and have not prepared, sponsored, endorsed, or approved these summaries.