NEW YORK, Oct. 28, 2010 (GLOBE NEWSWIRE) -- The Guardian Life Insurance Company of America (Guardian), one of the largest mutual life insurers and a leading provider of employee benefits, announced today that its Board of Directors has named Deanna M. Mulligan, 47, to the new role of President and Chief Operating Officer effective November 1, 2010. The Guardian Board further announced its intention to appoint Ms. Mulligan Chief Executive Officer, July 1, 2011 at which time she also will become a Guardian Director.
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Ms. Mulligan will continue to report to Dennis J. Manning, Guardian's current President and Chief Executive Officer. Effective November 1, 2010 when Ms. Mulligan becomes President and COO he will assume the role of Chairman and Chief Executive Officer. With Ms. Mulligan's appointment to CEO in July 2011 Mr. Manning will remain with Guardian as Executive Chairman until February 1, 2012, his scheduled retirement date.
Ms. Mulligan joined Guardian in July 2008 as Executive Vice President in charge of the company's Individual Life and Disability business. She has led development of Guardian's product and business strategy to drive the company's continued growth in individual life and individual disability products and markets. Among her broad portfolio of responsibilities has been leadership of Guardian's Berkshire Life Insurance Company of America subsidiary, a leading disability provider in the U.S.
"Deanna is an inspirational leader, understands the culture and values of our company and is committed to the mutual company structure," said Mr. Manning. "She is the caliber of executive that our Board considered ideal to preside over Guardian's current operational agenda and lead the company's continued future growth."
Ms. Mulligan joined Guardian after having run her own consulting firm, advising insurance companies on strategic and operational issues. Earlier in her 25 year career she held the roles of Senior Vice President at New York Life, Executive Vice President at AXA Financial and was a Principal with McKinsey & Company's New York office.
Ms. Mulligan is on the Board 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.
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 medical and 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.
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CONTACT: The Guardian Life Insurance Company of America Richard Jones (212) 598-8338 Richard_Jones@glic.com