The board of trustees of Northwestern Mutual has elected Mary Ellen Stanek and Timothy W. Sullivan to serve on the company's board. Stanek is currently managing director and director of asset management for international wealth management, capital markets, private equity and asset management firm Robert W. Baird & Co. Sullivan is president and CEO of Bucyrus International, Inc., a world leader in the design and manufacture of high productivity mining equipment for surface and underground mining.
"Northwestern Mutual is fortunate to bring these two prominent Milwaukee businesspeople onto its board of trustees," said Northwestern Mutual Chairman & CEO Edward J. Zore. "These professionals bring a proven track record with their success in business and financial management."
Mary Ellen Stanek is responsible for the development and portfolio management of all proprietary asset management services in her position as Managing Director and Director of Asset Management at Baird. Additionally she serves as President of the Baird Funds. She previously served as President and CEO of Firstar Investment Research & Management Company. Ms. Stanek graduated Magna Cum Laude from Marquette University and received her MBA from the University of Wisconsin - Milwaukee.
Timothy W. Sullivan has served as president and chief executive officer of Bucyrus International, Inc. since March 19, 2004, after holding various management positions with the company since joining in 1976. He also served as president and chief executive officer of United Container Machinery, Inc. in Glen Arm, Maryland from January through December 1999, rejoining Bucyrus in January 2000. Mr. Sullivan graduated from Carroll University in Business Administration, and received his MBA from American Graduate School of International Management.
Both Stanek and Sullivan are active members of the Milwaukee community, contributing their skills to number of corporate and nonprofit boards.
View or download images of Stanek and Sullivan on the Northwestern Mutual news site.
About Northwestern Mutual
The Northwestern Mutual Life Insurance Company - Milwaukee, WI (Northwestern Mutual) has helped clients achieve financial security for more than 150 years. The company has always received the best possible insurance financial strength ratings from Standard & Poor's, Fitch Ratings, A.M. Best and Moody's.
Northwestern Mutual is an industry leader in total individual life insurance and disability insurance dividends paid to participating policyowners. Though dividends are not guaranteed, are reviewed annually and are subject to change, the company has paid life insurance dividends every year since 1872.
Northwestern Mutual and its subsidiaries offer a holistic approach to financial security solutions including: life insurance, long-term care insurance, disability insurance, annuities, investment products, and advisory products and services. Subsidiaries include Northwestern Mutual Investment Services, LLC, broker-dealer, registered investment advisor, member FINRA and SIPC; the Northwestern Mutual Wealth Management Company, limited purpose federal savings bank; and Northwestern Long Term Care Insurance Company; and Russell Investments. Further information can be found at http://www.northwesternmutual.com/.
For further information, contact:
First Call Analyst:
SOURCE: Northwestern Mutual
CONTACT: Jean Towell of Northwestern Mutual, 1-800-323-7033,
Web Site: http://www.nmfn.com/