COMSAT CEO, Betty Alewine, Elected to New York Life Board of Directors.NEW YORK--(BUSINESS WIRE)--Nov. 19, 1998--New York Life Insurance Company announced today that Betty C. Alewine has been elected to its board of directors. Ms. Alewine is president and chief executive officer of COMSAT Comsat: see Communications Satellite Corporation; communications satellite. (COMSAT General Corporation, Bethesda, MD) Formerly Communications Satellite Corporation, COMSAT was a private company that was created by the U.S. Corporation, a global provider of satellite services and digital networking services and technology. Sy Sternberg, chairman, president and chief executive officer of New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of Life, said, "Betty Alewine brings considerable international, marketing, and mergers and acquisitions experience to New York Life. We are very fortunate to have an operating executive of Betty Alewine's caliber joining our board." With the election of Ms. Alewine, New York Life's board is expanded to 16 directors. Ms. Alewine joined COMSAT in 1986 and held positions of increasing responsibility, including serving as president of the company's largest operating unit operating unit A type of operating company that engages in transactions with outsiders and that is owned by another business. For example, in 1995 the stockholders of Capital Cities/ABC approved a $19 billion merger with the Walt Disney Company, whereupon , which included its international business, before her election as president of the corporation in 1996. Prior to joining COMSAT she was a senior national account manager for MCI Communications Corporation. Earlier, she was in sales and marketing management with Xerox Corporation. Ms. Alewine is a member of the President's National Security Telecommunications Advisory Council (NSTAC NSTAC National Security Telecommunications Advisory Committee ) and the Inter-American Development Bank Inter-American Development Bank (IDB) international organization founded in 1959 by 20 governments in North and South America to finance economic and social development in the Western Hemisphere. Advisory Council. She is a member of the Business-Higher Education Forum and a vice chairman of the Kennedy Center Corporate Fund. New York Life Insurance Company The New York Life Insurance Company (NYLIC) is the largest mutual life-insurance company in the United States, and one of the largest life insurers in the world.[3] , a Fortune 100 company, is one of the largest insurance companies in the United States and the world. Founded in 1845 and headquartered in New York City New York City: see New York, city. New York City City (pop., 2000: 8,008,278), southeastern New York, at the mouth of the Hudson River. The largest city in the U.S. , New York Life and its affiliates offer traditional life insurance and annuities. On the investment side, New York Life and its affiliates provide institutional asset management and trust services and, through a subsidiary, NYLIFE Distributors Inc., provide an array of securities products and services such as institutional and retail mutual funds, including 401(k) products. New York Life's Home Page on the Internet is www.newyorklife.com |
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