Recognized for Fourth Year in a Row for Helping Women Advance their Careers
Springfield, Mass., March 3, 2015 - Massachusetts Mutual Life Insurance Company (MassMutual) announced today that it has been awarded a spot on the National Association for Female Executives (NAFE) Top 50 Companies for Executive Women list, which honors American corporations that identify and promote successful women.
This year, MassMutual ranked among the top 10 companies on the list of 50, with exceptional scores in female leadership, hiring, retention and employee programs.
MassMutual and the other NAFE Top 50 Companies lead corporate America in commitment to female leadership, and together have made significant strides since last year. According to NAFE, the percentage of women who hold board seats at the 2015 NAFE Top Companies grew to 29 percent, up from 27 percent in 2014, and 40 percent of top earners at these companies are women, up from 35 percent last year. In some cases, the NAFE Top 50 Companies even outpace those that make up the S&P 500: half of the NAFE top companies now have four or more women board directors, compared with just 19 percent at the S&P 500.
“Our steady climb to the top10 on the NAFE list over the past four years speaks volumes to the importance we place on developing smart, female talent,” said Elaine Sarsynski, a past NAFE Women of Excellence award winner, executive vice president of MassMutual’s Retirement Services Division and chairman of MassMutual International LLC. “We are focused on educating a talented and diverse group of future women leaders,” she added.
In addition to NAFE, MassMutual has been recognized by DiversityInc., Working Mother, the Human Rights Campaign, among others, and the company remains focused on attracting, retaining and growing a diverse talent base, which includes developing our pool of female leaders for tomorrow.
“We’re counting the numbers of women in senior management at America’s top companies, and are happy to find that they are responding to the competition,” said NAFE President Betty Spence. “The 2015 NAFE Top Companies demonstrate their understanding that having women in top executive posts increases the bottom line.”
For a complete list of the 2015 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 and select the “About Us” tab.
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.