New York Life Announces Executive Promotions

NEW YORK--(Business Wire)--
New York Life Insurance Company announced today that Katherine
O'Brien has been promoted to first vice president and chief diversity
officer in the Office of the Chief Diversity Officer; Dorothea Rodd
has been promoted to first vice president in the Human Resources
Department; and Gayle Yeomans has been promoted to first vice
president in the Office of Governmental Affairs.

Ms. O'Brien is responsible for identifying and implementing best
practices in the areas of recruitment and training of a diverse
workforce, and the development and promotion of culturally diverse and
women employees. She has built on New York Life's success as a
recognized employer of choice in the diversity arena. Since she
assumed this post in 2006, New York Life has been consistently
acknowledged by external diversity organizations, earning most
recently 100 Best Companies 2008 from Working Mother; Top 60 Diversity
Elite 2008 from Hispanic Business; 10 Top Companies for Innovation in
Diversity 2008 from Profiles in Diversity Journal; and 50 Best Places
To Launch a Career 2008 from BusinessWeek, among others.

Ms. O'Brien joined New York Life in 1995 as a litigator in the
Office of the General Counsel and has held positions of increasing
responsibility in employment litigation and benefits compliance. She
was appointed Chief Diversity Officer in 2006.

Prior to joining New York Life, Ms. O'Brien worked with several
law firms in New York, including Christy and Viener, in general
commercial litigation.

Ms. O'Brien earned a J.D. from Brooklyn Law School and a B.A. from
Wesleyan University. She currently resides in New York City.

Ms. Rodd is now responsible for overseeing all operations and
services functions in the Human Resources Department, which include
service delivery for employee and agent benefit plans, management of
outsourced vendor relationships, HRIS data management and reporting,
payroll, and budgeting as well as accounting and financial controls.
Ms. Rodd is also responsible for the talent management support group,
which facilitates learning and leadership programs, performance
management process, relocation assistance programs, and tuition
reimbursement for employees.

Ms. Rodd joined New York Life in 1981 as an auditor trainee. She
became a Senior Auditor in 1987, and in 1988 moved to the Corporate
Finance Department as a Senior Accountant. Ms. Rodd became a director
of accounting in 1989, assistant vice president in 1991, and corporate
vice president in 1995. In 2003, she was elected Vice President in the
Corporate Services Department, where she was responsible for
procedures and systems for accounts payable, credit card
administration and financial analyses for procurement.

Ms. Rodd earned an M.B.A. from Dowling College and a B.S. from
Lehman College. She currently resides in Manorville, New York with her
three children.

Ms. Yeomans is responsible for directing all state government
relations efforts. She has broad experience in life insurance
regulation and legislation, including solvency, and serves as the
company's representative to the American Council of Life Insurers
(ACLI) Insurance Regulation Steering Committee, which has jurisdiction
over actuarial, tax, risk classification and market conduct issues.
Additionally, Ms. Yeomans has been a key voice with the National
Association of Insurance Commissioners (NAIC) on a range of issues
including those that come before its Life and Health Actuarial Task
Force.

Ms. Yeomans rejoined New York Life as vice president in 2002.
Prior to that, she was at the New York State Assembly, where she was
the Chief Counsel and Secretary to Minority Leader John Faso.
Previously, she was with New York Life for four years in the Office of
Governmental Affairs. Additionally, she worked for the New York State
Senate Majority as Principal Counsel for Health, Housing and Medicaid
from 1990 to 1994, and served as counsel to Minority Leader Pro
Tempore Kemp Hannon in the New York State Assembly from 1987 to 1989.

Ms. Yeomans earned a J.D. from New York University School of Law
and a B.S. from Cornell University. She currently resides in New York
City.

New York Life Insurance Company, a Fortune 100 company founded in
1845, is the largest mutual life insurance company in the United
States and one of the largest life insurers in the world. New York
Life has the highest possible financial strength ratings from all four
of the major credit rating agencies. Headquartered in New York City,
New York Life's family of companies offers life insurance, retirement
income, investments and long-term care insurance. New York Life
Investment Management LLC provides institutional asset management and
retirement plan services. Other New York Life affiliates provide an
array of securities products and services, as well as institutional
and retail mutual funds.

Please visit New York Life's Web site at www.newyorklife.com and
Guarantees Matter, a site dedicated to retirement issues, challenges,
and solutions, at: www.guaranteesmatter.com for more information.

New York Life
Laura Carlson, 212-576-5216
Laura_V_Carlson@newyorklife.com
or
Sloane & Co.
Amanda Kiely, 212-446-1896
AKiely@sloanepr.com

Copyright Business Wire 2008