Company Veteran Selected To Replace Paul Morris, Who Retires After 26 Years
NEW YORK, N.Y., December 14, 2005 — New York Life Insurance Company announced today that Mark W. Pfaff has been named senior vice president in charge of the Agency Department. Mr. Pfaff, who is currently senior vice president of the company's agency field force in the Northeast Zone, will lead the Agency Department in the Manhattan-based Home Office, replacing Paul B. Morris who will be retiring in January.
"Paul Morris has been an invaluable member of the New York Life family for over 25 years and most recently in charge of the Agency Department ensuring that New York Life's 10,000 agent field force remained the recognized leaders in the industry. We wish him well in his retirement," said Phillip J. Hildebrand, executive vice president, co-head of U.S. Operations, New York Life Insurance Company. "Mark Pfaff, also a New York Life veteran with over 20 years at the company, brings unique insight, enthusiasm and experience to this leadership position. His skill set will serve him well as he heads a strong management team to extend New York Life's field force reputation as leaders in the increasingly competitive financial services landscape."
Mr. Pfaff joined New York Life in 1985 as an agent. In 1988 he became a sales manager and in 1994 was promoted to managing partner for the Vermont General Office. In 1997 Mr. Pfaff transferred as managing partner to the Park Avenue General Office; later that year he was promoted to agency vice president of Northeastern Agencies. In 1999, he became the zone vice president of Northeastern Agencies, and in the fall was asked to take over the Manhattan General Office as managing partner. In April 2004, he was named senior vice president of Northeastern Agencies overseeing the recruitment, training and development of managing partners and partners, and made responsible for the sales production and overall supervision of the zone office and general offices within the Northeastern Zone. He won the prestigious President's Trophy and scored a perfect 4.0 rating on the Company's GPA system.
Mr. Pfaff holds a bachelor's degree from Manhattan College and an associate's degree from Westchester Community College. A native of Pearl River, N.Y., Mr. Pfaff and his wife, Claudia, reside in Charlotte, Vermont with their three children.
Prior to being named senior vice president in charge of the Agency Department in 2003, Mr. Morris, was senior vice president of the company's agency field force in the South Central Zone for eight years, responsible for strong sales growth and management development. Mr. Morris has been with the company for 26 years in various capacities in the Home Office and, prior to that, in the field, first as an agent and then as a sales manager, a managing partner, and an agency vice president. Mr. Morris received a B.S. degree from Texas A&M University in 1973. Born in Palestine, Texas, he currently resides in New York, New York. He and his wife, Andrea, have four children and five grandchildren.
New York Life Insurance and Annuity Corporation is a subsidiary of New York Life Insurance Company, a Fortune 100 company founded in 1845. New York Life Insurance Company is the largest mutual life insurance company in the United States 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, annuities and long-term care insurance. New York Life Investment Management LLC 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.
Rating: 0/0 (0 votes cast)
|New York Life Names Mark W. Pfaff To Head Agency Department|