(Springfield, MA) – Massachusetts Mutual Life Insurance Company (MassMutual) was awarded a spot as a Top 50 Company for Executive Women by the National Association for Female Executives (NAFE) at the organization’s Gala Awards luncheon in New York City on Thursday.
MassMutual was recognized for a third year in a row, with above-average scores in 75 percent of the categories ranked by NAFE: the total number of women employees (57%), senior managers (41%), corporate executives (30%), profit-and-loss executives (44%), direct reports to the CEO (40%) and Board of Directors members (30%).
MassMutual and the other NAFE Top 50 Companies lead corporate America in commitment to female leadership, outpacing the FORTUNE 500. According to the NAFE Top Companies for Executive Women 2014 Executive Summary, women now make up 28 percent of corporate executives at NAFE Top 50 companies vs. 15 percent in the FORTUNE 500 and occupy 27 percent of all board of director seats at NAFE Top 50 vs. 17 percent in the FORTUNE 500.
“Inclusion on the list of NAFE Top 50 Companies for Executive Women again this year truly underscores our commitment to recruiting, retaining and advancing women at MassMutual,” said Elaine Sarsynski, executive vice president of MassMutual’s Retirement Services Division and chairman of MassMutual International LLC. “We are especially proud of the growing female representation in our advancement programs, such as the Women’s Leadership Network, resulting in more women at higher levels of our organization,” she said.
“This year, we see measurable progress for women at companies that have made their advancement a priority, a smart strategy given the growing research that correlates greater numbers of women in top positions with higher revenues,” remarked NAFE President Betty Spence, after the event.
For a complete list of the 2014 NAFE Top 50 Companies for Executive Women, click the link. The complete report is published in the February/March issue of Working Mother. To learn more about MassMutual’s diverse leadership, click the link or visit massmutual.com/aboutmassmutual.
Founded in 1851, MassMutual is a leading mutual life insurance company that is run for the benefit of its members and participating policyowners. The company has a long history of financial strength and strong performance, and although dividends are not guaranteed, MassMutual has paid dividends to eligible participating policyowners consistently since the 1860s. With whole life insurance as its foundation, MassMutual provides products to help meet the financial needs of clients, such as life insurance, disability income insurance, long term care insurance, retirement/401(k) plan services, and annuities. In addition, the company’s strong and growing network of financial professionals helps clients make good financial decisions for the long-term.
MassMutual Financial Group is a marketing name for Massachusetts Mutual Life Insurance Company (MassMutual) and its affiliated companies and sales representatives. MassMutual is headquartered in Springfield, Massachusetts and its major affiliates include: Babson Capital Management LLC; Baring Asset Management Limited; Cornerstone Real Estate Advisers LLC; The First Mercantile Trust Company; MassMutual International LLC; MML Investors Services, LLC, Member FINRA and SIPC; OppenheimerFunds, Inc.; and The MassMutual Trust Company, FSB.