updated 4/27/2011 2:45:51 AM ET 2011-04-27T06:45:51

NEW YORK, April 27, 2011 (GLOBE NEWSWIRE) -- The Guardian Life Insurance Company of America (Guardian) announced today that its Board of Directors has named Deanna M. Mulligan, 47, the company's Chief Executive Officer, effective July 1, 2011. Currently Guardian's President and Chief Operating Officer, Ms. Mulligan will succeed Dennis J. Manning, 64, who will remain with Guardian as Executive Chairman through his scheduled retirement in February, 2012.  Concurrent with assuming the CEO post in July, Ms. Mulligan also will become a member of the Guardian Board.

Ms. Mulligan joined Guardian in July 2008 as Executive Vice President in charge of the company's Individual Life and Disability business, and in October 2010 was promoted to President and Chief Operating Officer.  Before joining Guardian she ran her own consulting firm, advising insurance companies on strategic and operational issues. Her more than 25 year career includes senior executive roles at New York Life, AXA Financial and McKinsey & Company at which she was a Principal in the firm's New York office.

"Deanna is a dynamic and visionary leader who represents the values of Guardian," said Mr. Manning. "She puts people first; she sets high standards for herself and for those who work with her; she is the embodiment of integrity and she is committed to our mutual company structure.  Deanna is the right person to lead Guardian's continued growth agenda at this time."

Ms. Mulligan is a Board member of the Life Insurance Council of New York (LICONY).  She has an MBA from Stanford University and a B.S. in Business Administration from the University of Nebraska.

For Media Inquiries, Contact:

Richard Jones

The Guardian Life Insurance Company of America 

(212) 598-8338       

richard_jones@glic.com    

About Guardian

A mutual insurer founded in 1860, The Guardian Life Insurance Company of America and its subsidiaries are committed to protecting individuals, business owners and their employees with life, long-term care, disability income, group dental insurance products, and offer 401(k), annuities and other financial products. Guardian operates one of the largest dental networks in the United States, and protects more than six million employees and their families at 120,000 companies. The company has more than 5,400 employees in the United States and a network of over 3,000 financial representatives in more than 80 agencies nationwide.

For more information about Guardian, please visit: www.GuardianLife.com .

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