The Guardian Life Insurance Company of America Names Andrew McMahon President
NEW YORK, Nov. 14, 2019 /PRNewswire/ -- The Guardian Life Insurance Company of America announced today that Andrew McMahon, an industry veteran and head of the company's largest business, has been elected President by its Board of Directors.
Mr. McMahon's appointment is part of Guardian's regular succession planning process and is effective January 1, 2020. He will continue to report to Guardian Chief Executive Officer Deanna Mulligan as he directly oversees Guardian's lines of business.
Mr. McMahon, who joined Guardian in 2017, moves from his role as executive vice president of Individual Markets, Enterprise Strategy and Customer Development. There, he oversaw Guardian's life insurance, disability, annuities and wealth management products and services. He was also responsible for enterprise strategy, corporate development, GIS Strategic Ventures LLC, mergers and acquisitions, and the company's digital consumer experience, including Guardian Direct.
Mr. McMahon has a history of innovation and leadership in the industry, having launched and strategically advised several InsurTech companies. He is also a former executive with AXA, General Electric and McKinsey.
"Andrew is a dynamic leader and a valued partner. His deep knowledge of the industry will be essential as we continue to optimize our company for a changing environment," Ms. Mulligan said. "In his new role, Andrew will support me in driving the One Guardian strategy and work closely with our other leaders to enhance performance and accelerate growth."
"I am excited to take on my new role at a pivotal time in our company and our industry," Mr. McMahon said. "In an increasingly challenging business environment, it is imperative that we build on our strong foundation and further differentiate ourselves in the marketplace. We have the key ingredients for competitive advantage: high-value products and services, a trusted brand, and strong leadership. I look forward to continuing to work with Deanna and thank her and the Board of Directors for this opportunity."
With Mr. McMahon's appointment to President, the company announced the following executive changes, also effective January 1, 2020...