The Retirement Services Division of Massachusetts Mutual Life Insurance Company (MassMutual) announced changes to its senior management team on Monday.
Eric Wietsma, current Senior Vice President of Investments, will lead the Sales & Worksite Education organization, Bill Silvanic, current Senior Vice President and Chief Financial Officer of the Retirement Services division, will lead the Product organization, and Brian Haendiges, Keith McDonagh, and Una Morabito are joining the Retirement Services senior leadership team.
The changes are being made after two senior leaders, Jared Collins, Senior Vice President of Product, and Hugh O'Toole, Senior Vice President of Sales and Client Management, announced they are leaving MassMutual.
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Collins is leaving April 17 to join MFS Investment Management, working in its global asset management organization, while O'Toole is remaining at MassMutual through June.
Wietsma has previously led distribution organizations and brings a wealth of experience in the advisor, consultant, and third party administrator (TPA) markets, the company said.
Silvanic will lead the Product organization with its current management team, and McDonagh will replace him as head of Finance for Retirement Services.
Morabito, Senior Vice President, will join the senior leadership team in her current role leading Client Relationship Management, responsible for driving the highest levels of client service and satisfaction for MassMutual's retirement plan sponsors.
Haendiges, current Vice President of Investment Distribution, will succeed Mr. Wietsma as the Senior Vice President leading Investment Services.
All will report to Elaine Sarsynski, Executive Vice President of MassMutual Retirement Services and Worksite Insurance and Chairman of MassMutual International.
"I am confident that these accomplished leaders and their teams will continue to propel us forward as the provider of choice for our advisors, plan sponsors, TPAs, and participants," Sarsynski said.
"We are excited that these proven leaders will ensure our continued focus and success on helping Americans everywhere retire on their own terms."
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