MassMutual Announces Promotions for Two Co-Chief Operatin...(nancial strength evenduring this time of...),Health

Date:11/21/2008

nancial strength, even during this time of unprecedented challenge in the markets. Bill has also proven his exceptional capabilities as a leader in the asset management business and in building strong financial services organizations," Mr. Reese said. "Roger and Bill are the ideal executives for these vital roles and I am confident they will continue to demonstrate outstanding leadership. MassMutual today has outstanding financial strength, a history of stability through turbulent times, and -- with our new leadership in place -- a future of continued success."

Mr. Reese added: "We congratulate Tom Finke and Mike Fanning on their new and expanded roles. They are seasoned, results-driven professionals with a broad range of experience and demonstrated capabilities. And we extend our thanks to John Murphy for his many contributions to our organization. John's knowledge and expertise is invaluable, and he is truly a respected leader in the industry. We are pleased to have him with us for the next year to ensure a smooth transition of leadership at OppenheimerFunds."

Roger W. Crandall

As newly appointed President at MassMutual, Mr. Crandall will assume additional responsibilities for the company's U.S. Insurance Group, Enterprise Technology Organization, and MassMutual International LLC. He will retain accountability for MassMutual's Retirement Services and Retirement Income businesses, and MassMutual subsidiaries Babson Capital and Baring Asset Management Limited.

Mr. Crandall joined MassMutual in 1988 and has held several leadership positions in the firm, including head of Corporate Bond Management, Public Bond Trading and Institutional Fixed Income. He has served as MassMutual's Chief Investment Officer and Babson Capital's Chairman since June 2005. He was named President and Chief Executive Officer of Babson Capital in March 2006.

Mr. Crandall holds a B.A. in economics
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SOURCE MassMutual Copyright©2008 PR Newswire. All rights reserved

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