New York Life Names GE Veteran to Board

New York Life Insurance Company’s board of directors has elected General Electric Company executive Ronald Pressman to the company’s board. Pressman retired from GE after more than 30 years of service, most recently as President and CEO of GE Capital Real Estate. Pressman served as a SVP at GE for more than a decade, as well as a director of GE Financial Services and GE Capital Corporation since 2000.

“In our deliberations as directors, all of us on the board look forward to benefiting from Ron’s broad and deep management expertise with one of the nation’s most respected companies, his leadership and business-building skills, as well as his valuable experience in insurance, real estate and asset management, said New York Life chairman and CEO Ted Mathas.”

Pressman began his tenure at GE in 1980. Prior to his most recent role heading GE Capital Real Estate, Pressman’s positions included chairman, president and CEO of GE Insurance Solutions (former Employers Reinsurance Corporation), and president and CEO of GE Asset Management. As President and CEO of GE Capital Real Estate, Mr. Pressman led one of the world’s largest and most diversified commercial real estate finance and investment firms, with a presence in 35 countries and a portfolio of more than $85 billion in assets, reports New York Life.

 

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