What Happened?
New York, NY-based New York Life Insurance Resigned Cindy Finkelman as Chief Information Officer
About the Company
The New York Life Insurance Company (NYLIC) is one of the largest mutual life-insurance companies in the United States, and one of the largest life insurers in the world, with about $287 billion in total assets under management, and more than $15 billion in surplus and AVR. The company ranks #71 on the 2011 Fortune 100 list, making it the highest privately held insurance company on that list. In 2007, NYLIC achieved the best possible ratings by the four independent rating companies (Standard and Poor`s, AM Best, Moody`s and Fitch). In June 2009, the same four rating companies reaffirmed New York Life`s "superior" financial strength, which became a selling point in national TV ad campaigns that same year. The company is now one of only three life insurers to hold the highest ratings currently awarded to any life insurer by all four rating agencies (Moody`s: Aaa, A.M. Best: A++. Standards and Poor`s: AA+, Fitch: AAA. All of these are for financial strength).
About the Person
Cindy H. Finkelman is vice president and business unit chief information officer for the corporate center functions and in the corporate information department of New York Life Insurance Company. In this capacity, Finkelman works in partnership with the senior business leaders of human resources, finance, office of the general counsel, corporate services, communications and marketing, audit, employee health services, corporate responsibility, corporate information and corporate intranet to determine the strategic technology direction for the business unit and deliver optimal technology solutions and services. Finkelman is ultimately responsible for all information technology services for the corporate center. Finkelman is a senior IT executive with more than 20 years of diversified management, technology and operations experience, and has a proven track record of designing and delivering technology driven transformational programs in the corporate center in many blue chip firms. Prior to joining NY Life in 2011, Finkelman was the head of global operations and systems for HR at Alico where she was hired to build a world-class infrastructure and service delivery capability in preparation for an IPO of the unit from AIG. Before that, Finkelman was the chief technology officer for global HR at Merrill Lynch.
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