Robert B. Carter joins New York Life Board of Directors.

NEW YORK, December 21, 2015—Veteran executive Robert B. Carter has been elected to the Board of Directors of New York Life Insurance Company, effective January 1, 2016, the company announced today. Mr. Carter, 56, is the executive vice president of FedEx Information Services and chief information officer of FedEx Corporation. He also serves as co-chief executive officer and chief information officer, FedEx Corporate Services.

Ted Mathas, chairman and CEO of New York Life, said, “Rob Carter is an extremely talented executive with 30 years of distinguished information systems management experience and outstanding operational skills who will add a valuable perspective to our Board of Directors. All of us on the Board look forward to benefitting from his contributions and advice.”

Mr. Carter is responsible for setting the technology direction of the FedEx applications, infrastructure, networks, and data centers that provide around-the-clock and around-the-globe support for FedEx product offerings. As co-CEO and CIO of FedEx Corporate Services, he is a member of the five-person Executive Committee which plans and executes the corporation’s strategic business activities. Prior to joining FedEx in 1993, he held positions of increasing responsibility, including director, systems development at GTE.

Mr. Carter, who has three decades of systems development and implementation experience, was recently named as part of Fortune magazine’s Executive Dream Team, and was also ranked 18th on Fast Company magazine’s “100 Most Creative People in Business” list in 2010, and received Information Week magazine’s Chief of the Year Award in 2000, 2001, and 2005.

Mr. Carter also has years of experience as a director serving on corporate boards. He holds an M.B.A. from the University of South Florida and a bachelor’s degree in computer and information sciences from the University of Florida. He and his wife, Jennifer, reside in Memphis, Tennessee. They have five children and recently became grandparents.

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, please 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.