NEW YORK, March 3, 2010 - New York Life Insurance Company has been named to the NAFE Top 50 Companies and 10 Nonprofits for Executive Women list by the National Association for Female Executives (NAFE). New York Life was recognized as an organization whose policies and practices encourage women's advancement and whose numbers at the highest levels of leadership demonstrate that commitment.
"We're pleased NAFE has recognized the efforts we've made to support and encourage the women of New York Life," said Lance LaVergne, vice president & chief diversity officer, New York Life. "Our overarching goal is to offer programs and policies which support all of our employees in reaching their highest potential. We are committed to their professional and personal success."
"NAFE applauds New York Life's new emphasis on training women to run its profit centers, those profit-and-loss positions still male-dominated throughout the corporate world," says Dr. Betty Spence, NAFE president. "We were pleased to see that 41 percent of top positions filled by women last year were internal promotions."
Companies elected for this honor must have at least two women on the board and track gender in profit and loss jobs. In addition to assessing corporate programs and policies dedicated to advancing women, NAFE measured results, examining the number of women in each company overall, in senior management, and on its board of directors.
The National Association for Female Executives (NAFE), founded in 1972, serves 20,000 members nationwide with networking, tools and solutions to strengthen and grow their careers and businesses. NAFE magazine publishes the annual Top Companies issue and the annual Women of Excellence issue. NAFE.com provides up-to-date information, community for women in business and access to member benefits. NAFE is a division of Working Mother Media and Bonnier Corporation.
New York Life Insurance Company, a Fortune 100 company founded in 1845, is the largest mutual life insurance company in the United States* and one of the largest life insurers in the world. New York Life has the highest possible financial strength ratings from all four of the major credit rating agencies. 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 Investments** provides institutional asset management and retirement plan services. Other New York Life affiliates provide an array of securities products and services, as well as institutional and retail mutual funds.
Please visit New York Life's Web site at www.newyorklife.com for more information.
*New York Life is the largest mutual life insurance company based on the Fortune 500, ranked within industries, Insurance: Life, Health (Mutual), Fortune magazine, May 4, 2009.
**New York Life Investments is a service mark used by New York Life Investment Management Holdings LLC and its subsidiary, New York Life Investment Management LLC.
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|New York Life Named a Top 50 Company by National Association for Female Executives|