Eric T. Steigerwalt

Eric T. Steigerwalt
EVP and Head of U.S. Retail Business, MetLife Inc.

Last Updated: 08/05/2016

Executive Summary

Steigerwalt is Executive Vice President and Head of U.S. Retail Business for MetLife Inc., one of the largest global providers of insurance, annuities, and employee benefit programs, with 90 million customers in more than 60 countries. He assumed the position in January 2012 and oversees the company's annuity and in (there's more...)

Personal Attributes and Interests

  • Steigerwalt's middle name is Thomas.
  • Steigerwalt and William Wheeler - the man he replaced, albeit on a temporary basis, as MetLife's CFO - have a long history. Wheeler in the 1990s was an investment banker with Donalds (there's more...)

Current Focus

  • Reduce cost: MetLife will cut $1 billion, or 11%, in costs by the end of 2019 with some job losses, as the company reacts to protracted ultralow interest rates that pressure (there's more...)

Key Challenges

  • Rebranding and spinning off retail business: In August 2016 Kandarian said, "MetLife's accelerating value initiative combined with macroeconomic factors led us to pursue a plan to separate a su (there's more...)

Biographical Highlights

  • Born circa 1964.
  • Steigerwalt graduated cum laude from Drew University with a Bachelor of Arts degree in Economics.
  • (there's more...)

Donations and Philanthropy

  • Steigerwalt has contributed to the successful Ohio U.S. Senate campaign of Republican Rob Portman, giving $500 in 2010 and $1,000 in 2009.
  • Steigerwalt in 2008 gave $1,000 to the successful re-election campaign of New York Congr (there's more...)
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