NEW YORK - MetLife, Inc. (NYSE: NYSE:MET), a global provider of insurance and financial services, has announced the appointment of Michelleta (Mich) Razon as Head of Data Enablement. In her new role, Razon will lead a team focused on aligning the company's 40+ markets to enterprise data solutions, to enhance decision-making and innovation through effective data management.
Razon joins MetLife from Google (NASDAQ:GOOGL) Cloud, where she served as Vice President, General Manager, and Head of Commerce, overseeing cloud computing tools and services. Her prior experience includes a role as Head of Engineering for Mastercard (NYSE:MA) Commercial and B2B solutions, and positions at Teradata (NYSE:TDC) and SAS Institute.
Razon's appointment is part of MetLife's ongoing efforts to integrate high-tech solutions with a human touch, a balance that Bill Pappas, MetLife Head of Global Technology and Operations, emphasized as key to commercial success. Razon will operate from MetLife's Global Technology Hub in Cary, NC, which houses over 2,600 employees.
An advocate for diversity and women in technology, Razon has been recognized for her contributions to these areas. At MetLife, she will also contribute to the company's partnership with NC TECH in establishing the Center for Technology Workforce Innovation. This initiative aims to be a resource for North Carolina's tech sector, promoting growth and providing thought leadership.
MetLife, founded in 1868, has a presence in over 40 global markets and holds leading market positions in the United States, Japan, Latin America, Asia, Europe, and the Middle East.
This announcement is based on a press release statement from MetLife, Inc.
InvestingPro Insights
MetLife, Inc. (NYSE: MET), while making strategic appointments to bolster its data management and innovation, is also making notable movements in the financial sphere. The company has a solid track record of rewarding its shareholders, having raised its dividend for 11 consecutive years, showcasing a commitment to consistent returns. This is further supported by a current dividend yield of 3.08%, a figure that is particularly attractive to income-focused investors.
In terms of financial health, MetLife's management has demonstrated confidence in the company's value by aggressively buying back shares, which can often signal strong future prospects. Additionally, MetLife is not just a prominent player in the insurance industry but also stands on solid ground with liquid assets that exceed its short-term obligations, indicating a robust liquidity position.
From a valuation standpoint, MetLife's Price to Earnings (P/E) ratio stands at 37.66, with a slight adjustment in the last twelve months as of Q4 2023 to 35.49. While this P/E ratio suggests a high earnings multiple, it is essential for investors to consider the company's growth prospects and dividend history when evaluating its stock price. With analysts predicting profitability for the current year and a history of maintaining dividend payments for 25 consecutive years, MetLife's financial strategies seem to be aligned with long-term shareholder value.
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