[October 17, 2019]

MassMutual Announces Election of Shelley Leibowitz to Board of Directors

Massachusetts Mutual Life Insurance Company (MassMutual) announced today it has elected Shelley Leibowitz, former World Bank and Morgan Stanley Chief Information Officer, to its Board of Directors, effective October 7, 2019.

"MassMutual is pleased to welcome Ms. Leibowitz to our Board of Directors," said Roger Crandall, Chairman, President and CEO, MassMutual. "Shelley has a stellar reputation and proven track record of successfully leading and advising companies on digital technology strategy, as well as cybersecurity and risk management. We look forward to gaining her valuable expertise as we solidify our long-term vision and strategy, all in an effort to help even more people secure their future and protect the ones they love."

Crandall added, "This appointment also demonstrates our continued, unwavering commitment to including a broad range of experiences, backgrounds, cultures, and perspectives on our Board."

Leibowitz was named the World Bank's first Group-wide Chief Information Officer in 2009. In that role, she was responsible for the technology services and capabilities that underlie the work of delivering quality knowledge and financing products to World Bank clients across the globe. Leibowitz also oversaw the World Bank's Library and Archives, managed te Bank's comprehensive cybersecurity program, and served as a member of the Pension Investment Committee. Previously, Leibowitz also held Chief Information Officer positions at Morgan Stanley, Greenwich Capital Markets, Barclays Capital, and Investment Risk Management.

In 2016, Leibowitz launched SL Advisory, providing tailored advice and insights to senior executives and boards of directors in the areas of technology strategy, digital transformation, data intelligence, agile program delivery, IT portfolio and risk management, information security, performance metrics, and governance.

In addition to her role as a new MassMutual Director, Leibowitz serves on the Board of E*Trade Financial Corporation and is a former Board member of Alliance Bernstein Holding LP, Endgame, and GAIN Capital.

Leibowitz is a member of the Council on Foreign Relations, where her areas of focus are technology policy, internet governance, and cybersecurity, and she also serves on the Center for a New American Security (CNAS) Council. She is also a member of the National Association of Corporate Directors (NACD), where she is a frequent speaker and has achieved the NACD CERT Certificate in Cybersecurity Oversight for Board Directors.

Leibowitz was honored by the Women's Bond Club of New York with its annual Merit Award for career achievement and extraordinary leadership in the financial industry. She is a graduate of Williams College with a degree in mathematics.

About MassMutual
MassMutual is a leading mutual life insurance company that is run for the benefit of its members and participating policyowners. MassMutual offers a wide range of financial products and services, including life insurance, disability income insurance, long term care insurance, annuities, retirement plans and other employee benefits. For more information, visit www.massmutual.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20191017005679/en/

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