Northwestern Mutual Board Elects John Balboni as New Trustee
The board of trustees of Northwestern Mutual has elected John N. Balboni to serve on the company's board. Balboni is senior vice president and chief information officer of International Paper Company, the world's largest paper and packaging company, based in Memphis, Tennessee.
"John's expertise in strategic information technology, as well as his strong management, finance and analytical background, makes him a solid addition to the Northwestern Mutual board," said Edward J. Zore, chairman and chief executive officer of Northwestern Mutual. "His career also demonstrates a great deal of flexibility, a skill that is particularly crucial now as all companies find themselves adapting to new environments."
Balboni previously served as chairman of Northwestern Mutual's Policyowners' Examining Committee, an independent group appointed each year to take an impartial and unrestricted look at the company's operations, management and strategic planning.
In addition to his current position at International Paper Company, Balboni has held various roles over a 21-year career with the company. Prior to this, he spent nine years in management roles at Kendall Company, a division of Colgate Palmolive, and United Brands Company, formerly United Fruit Company - Chiquita.
In addition to his seat on Northwestern Mutual's Board of Trustees, Balboni also serves on the boards of Liaison Technologies, a leader in integration and data management, as well as his local chapter of United Way. He received his BA and MBA from Boston College.
View or download an image of Balboni 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. As a mutual company with over $1 trillion of life insurance protection in force, Northwestern Mutual seeks to share its gains with policyowners and deliver consistent and dependable value to clients over time.
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 adviser, member FINRA and SIPC; the Northwestern Mutual Wealth Management Company, limited purpose federal savings bank; and Northwestern Long Term Care Insurance Company; and Russell Investment Group. Further information can be found at http://www.northwesternmutual.com/.
First Call Analyst:
SOURCE: Northwestern Mutual Financial Network
CONTACT: Jean Towell of Northwestern Mutual, 1-800-323-7033,
Web Site: http://www.northwesternmutual.com/
5/27/2009 12:00:00 PM