MetLife shares have gained about 2 percent while Kandarian was CEO. The stock closed up 0.6 percent to $42.55 Monday.
Glenn Hubbard, a Columbia University economist who is MetLife’s independent lead director, will become its non-executive chairman when Kandarian retires.
Kandarian was named CEO in 2011 after working as chief investment officer, overseeing billions of dollars. Before joining MetLife in 2005, he was executive director at the Pension Benefit Guaranty Corp. and at a private equity firm, Orion Partners LP.
This article was provided by Bloomberg News.