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KAMEN TO SUCCEED SCHWARTZ AT METLIFE

 KAMEN TO SUCCEED SCHWARTZ AT METLIFE
 NEW YORK, Sept. 23 /PRNewswire/ -- Robert G. Schwartz, chairman,


president and chief executive officer, will retire after 44 years of service at MetLife and Harry P. Kamen, senior executive vice-president, will assume the posts of chairman and chief executive officer effective April 1, 1993. Mr. Kamen has been elected to the board of directors effective Oct. 1, 1992.
 Ted Athanassiades, senior executive vice-president, has been named president and chief operating officer. Mr. Athanassiades has been elected to the board of directors effective Jan. 1, 1993.
 Additionally, Vice-Chairman Philip Briggs, MetLife's chief financial officer, will retire after 44 years of service, and Stewart G. Nagler, senior executive vice-president, has been appointed chief financial officer effective April 1, 1993. Robert E. Chappell Jr., senior executive vice-president, will also retire, and Gerald Clark, executive vice-president, will assume responsibility for MetLife's investment activities.
 As senior executive vice-president, Harry P. Kamen has been responsible for various corporate staff and professional services, including legal, human resources, information systems, external relations, and company property management. He also serves as chairman and CEO of State Street Financial Services and as a director of Century 21, State Street Research and Management Company, and Metropolitan Property and Casualty Insurance Company.
 "Fundamental changes have swept through the insurance industry," Mr. Kamen said, "but MetLife, with its excellent financial strength and focus on core businesses, has provided a safe haven for its customers. We intend to continue on that course."
 Mr. Kamen began his MetLife career in 1959 as an attorney, and in 1967 became an assistant general counsel. He was appointed secretary of the company in 1979, and became general counsel in 1987. He was appointed executive vice-president in 1989 and senior executive vice- president on Oct. 1, 1991.
 Mr. Kamen is a Phi Beta Kappa graduate of the University of Pennsylvania and received his law degree from Harvard Law School. He attended the Senior Executive Program at M.I.T.'s Sloan School of Management. He is co-author of "Commentaries on Debenture Indentures" and of "The Life Insurance Law of New York."
 As senior executive vice president, Mr. Athanassiades has been responsible for the company's pensions, corporate planning, corporate quality and strategic research departments. He also serves as a director of State Street Research and Management Company, Metric Realty, Metropolitan Insurance and Annuity Company, and Albany Life Assurance Company.
 "Top priorities for our insurance lines of business will continue to be improving their market reach, mainly through value-added products and services, and increasing their contributions to MetLife's capital," said Mr. Athanassiades.
 Having joined the company in 1961 as an actuarial student, Mr. Athanassiades advanced through positions of increasing responsibility in the actuarial department. In 1981 he advanced to senior vice-president in charge of planning, and was named executive vice-president in charge of pensions in 1986. He assumed his present position of senior executive vice-president in 1991.
 Mr. Athanassiades received his B.A. degree from Princeton University, and attended the Executive Program at Stanford University. He is a Fellow of the Society of Actuaries and is a member of the American Academy of Actuaries and the New York Actuaries Club.
 Metropolitan Life Insurance Company and its affiliates, with more than $144 billion in assets under management, is one of the world's largest insurance and financial services organizations. The company and its affiliates provide or administer individual and group life health, pension, and property and casualty coverage for more than 45 million people around the world.
 -0- 9/23/92
 /CONTACT: Charles Sahner of MetLife, 212-578-4132/ CO: Metropolitan Life Insurance Company ST: New York IN: INS SU: PER


GK-OS -- NY017 -- 2516 09/23/92 09:39 EDT
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Date:Sep 23, 1992
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