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Lance A. Lavergne Joins New York Life As Vice President And Chief Diversity Officer

Human Resources Veteran to Lead Company’s Diversity Efforts

NEW YORK, N.Y., April 27, 2009 – New York Life Insurance Company announced today that Lance A. LaVergne has been named vice president and chief diversity officer. Mr. LaVergne succeeds Katherine O’Brien, who returned to the Office of the General Counsel as first vice president and deputy general counsel. Mr. LaVergne reports to Senior Vice President and Chief Talent Officer Michael Barriere.

As chief diversity officer, Mr. LaVergne is now responsible for overseeing all aspects of the company’s diversity program, including the implementation and execution of the company’s diversity strategy; coordination of diversity activities and events with particular emphasis on the areas of recruitment, training, development and retention; and communication on diversity both internally and externally. In addition, Mr. LaVergne will work closely with New York Life’s department managers and employee network groups to ensure that diversity initiatives are aligned with business strategies and goals.

Mr. LaVergne previously worked at Goldman Sachs, where he progressed through a series of positions within the company’s Diversity Management and Recruiting departments and most recently was global head of Campus & Experienced Hire Diversity Recruiting. Prior to that, he served in recruiting roles at McKinsey & Company, Arthur Anderson LLP, and Russell Reynolds Associates. Mr. LaVergne began his career in the brokerage industry in a variety of investment positions for companies including Merrill Lynch, Chase Manhattan Bank, and Shearson Lehman Hutton Inc.

Mr. LaVergne holds an MBA from New York University’s Stern School of Business and a bachelor’s degree from Harvard University. He resides in Montclair, New Jersey.

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. Visit New York Life’s Web site at www.newyorklife.com for more information.

* 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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Lance A. Lavergne Joins New York Life As Vice President And Chief Diversity Officer

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