Corebridge names independent director to board

Corebridge names independent director to board | Insurance Business America

Life & Health

Corebridge names independent director to board

She brings to her role 30 years of expertise from an investment giant

Life & Health

By
Kenneth Araullo

Corebridge Financial has announced an addition to its board of directors, electing Deborah Leone (pictured) as an independent director, effective March 5, 2024.

Leone brings to the table expertise from her 30-year tenure at Goldman Sachs Group, Inc., where she most notably held the position of chief operating officer in the investment management division (IMD).

Her responsibilities at Goldman Sachs included managing operations for its asset management and private wealth management businesses on a global scale. Leone’s career at the investment giant was marked by her involvement in various senior leadership roles, including serving as the global head of internal audit.

In addition to her career at Goldman Sachs, Leone has contributed her expertise to other significant roles in the finance and education sectors. She currently serves on the board of Goldman Sachs Bank USA as the audit committee chair, a position she has held since October 2017.

In 2021, Leone expanded her board involvement to include Organon, a global healthcare company dedicated to women’s health, where she is a member of the audit committee. Furthermore, Leone is a member of the board of trustees at Syracuse University.

Peter Zaffino, chairman of the Corebridge Financial board of directors, expressed his enthusiasm about Leone’s appointment.

“We are very pleased to add someone with Deb’s broad experience and background to the board of Corebridge Financial. Deb brings significant expertise across operations, audit, and digital that will be extremely beneficial to Corebridge,” Zaffino said.

Corebridge Financial bolstering its board of directors comes amid the recent heavy losses revealed in its latest financials. The company noted a net loss of $1.3 billion, a massive increase over the $207 million in the prior year quarter.

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