Edward D. Shirley joins New York Life Board of Directors.

NEW YORK, November 3, 2015—Veteran executive Edward D. Shirley has been elected to the Board of Directors of New York Life Insurance Company, effective November 1, 2015, the company announced today. Mr. Shirley, 58, is the former president and chief executive officer of Bacardi Limited, the largest privately held spirits company in the world.

Ted Mathas, chairman and CEO of New York Life said, “All of us on the Board are looking forward to having an individual with Ed Shirley’s extensive financial management experience and marketing expertise, as well as his leadership and business-building skills, in our deliberations as Directors.”

Mr. Shirley was president and CEO at Barcardi Limited from 2012-2014, where he is credited with reigniting the company’s global marketing and brand building programs before he retired. Prior to leading Bacardi Limited, Mr. Shirley was vice chairman of Global Beauty and Grooming at The Procter and Gamble Company from 2008-2011, where he ran a portfolio of iconic, leading brands totaling $38 billion in sales that included the mass consumer brands of Gillette, Braun, Old Spice, Oral B, Crest, Pantene, CoverGirl, and Olay, as well as a number of luxury brands.

Before serving as vice chairman, Mr. Shirley was president of North America at Procter and Gamble from 2006-2008; and president, International Commercial Operations, Gillette from 2005-2006. Mr. Shirley had a distinguished 27 year career at The Gillette Company, which was acquired by Procter and Gamble in 2005.

Mr. Shirley serves on the board of Time Warner Cable Inc. He holds a BBA in accounting from the University of Massachusetts. He resides with his wife in Arizona and Massachusetts.

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 currently awarded to any life insurer from all four of the major credit rating agencies: A.M. Best (A++), Fitch (AAA), Moody’s Investors Service (Aaa), Standard & Poor’s & (AA+).** 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 retail mutual funds. Please visit New York Life’s website at www.newyorklife.com for more information.

 

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Further Reading
  • Based on revenue as reported by “Fortune 500 ranked within Industries, Insurance: Life, Health (Mutual),” Fortune magazine, 6/15/15. For methodology, see http://fortune.com/fortune500/. 
  • Individual independent rating agency commentary as of 8/11/15. 
  • 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.