New York — Ted Mathas will assume the position of CEO of New York Life Insurance Co., effective July 1, 2008.

Mathas retains the title of president of the company, a post he’s held since July 1, 2007. As CEO, he will oversee all of the company’s U.S. and international operations including individual life insurance, retirement income, investments and long-term care insurance. These operations include New York Life’s life insurance and annuity programs offered through AARP, and New York Life Investment Management LLC, which provides institutional asset management, retirement plan and trust services, as well as institutional and retail mutual funds. Also, New York Life International LLC, the international arm of New York Life, which offers insurance products in Asia and Latin America through its subsidiaries and affiliates in China, Hong Kong, India, Taiwan, Thailand, South Korea, Argentina and Mexico. 

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