Horsham, Pa., USA – The Penn Mutual Life Insurance Company announced that Eileen C. McDonnell has been appointed to chairman in addition to her role as president and chief executive officer, effective July 1, 2013.[break]
Ms. McDonnell has held the title of President and Chief Executive Officer since February of 2011. Ms. McDonnell is one of only a few women who have ever held comparable leadership positions at a major U.S. life insurer.
She joined Penn Mutual in February 2008 as Executive Vice President and Chief Marketing Officer, and Chairman of the Board of Hornor, Townsend & Kent, Inc. She is also a member of Penn Mutual’s Board of Trustees, as well as a member of the Janney Montgomery Scott LLC Board of Managers. Janney Montgomery Scott is a wholly owned subsidiary of Penn Mutual.
Ms. McDonnell, a veteran of the financial services industry, was president of New England Financial, a wholly owned subsidiary of MetLife and senior vice president at Guardian Life Insurance Company. Ms. McDonnell also held positions at AXA/Equitable. In addition, she was a member of the Master of Science in Management faculty at The American College, where she held the Chair for Women and Financial Services.
An active industry participant, she is Chair of the Insurance Federation of Pennsylvania and a board member of the American Council of Life Insurers (ACLI). In addition she is on the board of Universal Health Services, Inc. (NYSE: UHS), and is a National Advisor for Vision 2020.
Ms. McDonnell graduated from Molloy College, Rockville Centre, New York, where she served as member of its board of trustees. She earned her MBA in finance and investments from Adelphi University, in Garden City, N.Y. where she was recently honored for outstanding service to the school. Article continues below
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Ms. McDonnell has held the title of President and Chief Executive Officer since February of 2011. Ms. McDonnell is one of only a few women who have ever held comparable leadership positions at a major U.S. life insurer.
She joined Penn Mutual in February 2008 as Executive Vice President and Chief Marketing Officer, and Chairman of the Board of Hornor, Townsend & Kent, Inc. She is also a member of Penn Mutual’s Board of Trustees, as well as a member of the Janney Montgomery Scott LLC Board of Managers. Janney Montgomery Scott is a wholly owned subsidiary of Penn Mutual.
Ms. McDonnell, a veteran of the financial services industry, was president of New England Financial, a wholly owned subsidiary of MetLife and senior vice president at Guardian Life Insurance Company. Ms. McDonnell also held positions at AXA/Equitable. In addition, she was a member of the Master of Science in Management faculty at The American College, where she held the Chair for Women and Financial Services.
An active industry participant, she is Chair of the Insurance Federation of Pennsylvania and a board member of the American Council of Life Insurers (ACLI). In addition she is on the board of Universal Health Services, Inc. (NYSE: UHS), and is a National Advisor for Vision 2020.
Ms. McDonnell graduated from Molloy College, Rockville Centre, New York, where she served as member of its board of trustees. She earned her MBA in finance and investments from Adelphi University, in Garden City, N.Y. where she was recently honored for outstanding service to the school. ■