HONG KONG--(BUSINESS WIRE)--MetLife, Inc. (NYSE: MET) announced today that after five years of successful leadership and 27 years of dedicated service, Jong Kim, has decided to step-aside from his current role as Chief Executive Officer (CEO) and assume the role of Chairman, MetLife Korea, effective August 11, 2014. Mr. Kim started his career with MetLife in California and came to Korea in 1989. He is one of the founding members of MetLife’s operation in Korea and was instrumental in shaping its success. Under his stewardship, MetLife Korea has grown to become the #1 foreign life insurer in Korea.
MetLife also announced that it has appointed Damien Green, formerly its Head of Employee Benefits, Asia, as the new CEO for MetLife Korea. Mr. Green will be based in Seoul and will report directly to Christopher Townsend, MetLife’s President for the Asia region.
Mr. Green is an experienced life insurance CEO with over 13 years of experience leading businesses for MetLife and AIA Group across several markets in Asia. Whilst at MetLife, Mr. Green has successfully developed an Asia region strategy and execution framework which is driving MetLife’s strong growth in Employee Benefits in multiple markets across the region. He has also taken on additional responsibilities this year as interim CEO of MetLife Australia and has driven transformation in that business. Before joining MetLife, Mr. Green was an Asia Region executive for AIA Group, holding the positions of CEO, Group Corporate Solutions, and before that CEO of AIA Australia.
“We fully support Jong Kim’s decision to step–aside and would like to pay special thanks to him for his leadership and outstanding contribution in growing the MetLife Korea business,” said Mr. Townsend. “Korea is a key market for MetLife, and we recently celebrated our 25th anniversary of doing business here. As we set our sights on the next chapter for MetLife in Korea, we’re delighted to have Damien step into the role of CEO. Damien is highly respected in the insurance industry and he brings a wealth of strategic leadership acumen to the business. He is highly qualified to spearhead the next phase of growth for MetLife in Korea and advance our quest to deliver greater shareholder returns,” he added.
The CEO leadership transition represents a significant opportunity in the next chapter of MetLife’s Korea business as it continues to pursue its aspirations for growth and market leadership in Korea. Mr. Kim remains with the company and is assuming the role of Chairman of the Board for MetLife in Korea, as well as maintaining his stewardship on the Board of MetLife’s philanthropic arm, MetLife Foundation Korea. In this advisory role, Mr. Kim will work closely with Mr. Green to drive continuity, efficiency and growth for the business.
MetLife, Inc., through its subsidiaries and affiliates (“MetLife”), is a leading global provider of insurance, annuities and employee benefit programs. MetLife holds leading market positions in the United States, Japan, Latin America, Asia, Europe and the Middle East. For more information, visit www.metlife.com.