MILWAUKEE / January 8, 2009 – Northwestern Mutual’s President and Chief Executive Officer Edward J. Zore is being honored as one of the “100 Most Influential People in Business Ethics” in 2008 by the Ethisphere Institute, an international think tank dedicated to business ethics and corporate social responsibility.
Along with the honor, the Ethisphere business ethics advisory board is praising Zore’s leadership and the company’s mission to develop enduring relationships with clients.
“(Zore) looked forward,” the advisory board said. “Though the rest of the financial industry was left vulnerable in 2008, Zore ensured that Northwestern Mutual had ‘less than one-half of 1 percent of assets exposed to subprime markets at year-end.’ Under his leadership, Northwestern Mutual continues to be given accolades in all areas of quality, including social responsibility. In an era of technological advancements, Zore is known for his loyalty to the human element – Northwestern Mutual has retained its large sales force and highlighted the fundamentals of personal relationships.”
Zore is an honoree in Ethisphere’s Business Leadership category. The advisory board said Zore had “substantially transform(ed) operational practices consistent with profitable ethical leadership, forcing competitors to follow suit or fall behind.”
Zore is joined on the list by other notable figures including President-elect Barack Obama, hedge fund chairman T. Boone Pickens, Louisiana Governor Bobby Jindal, U.S. Attorney Patrick Fitzgerald, French President Nicolas Sarkozy and actor/businessman Paul Newman.
To develop the list, the Ethisphere Institute established an advisory board of professors from notable business schools around the world, including the University of Notre Dame, Arizona State University and the China Europe International Business School.
About Northwestern Mutual
The Northwestern Mutual Life Insurance Company, Milwaukee, WI, a FORTUNE 500 company with over $1 trillion of life insurance protection in force, has been helping its policyowners and clients achieve financial security for more than 150 years. The company maintains the highest available ratings for insurance financial strength from all four major rating agencies: Standard & Poor's, Fitch Ratings, A. M. Best and Moody’s.
Northwestern Mutual is the marketing name for The Northwestern Mutual Life Insurance Company, Milwaukee, WI and its subsidiaries. Through Northwestern Mutual the company and its subsidiaries deliver a unique approach to combining insurance and investment solutions to help clients achieve financial security. These solutions include life insurance, long-term care insurance, disability income insurance, annuities, mutual funds, and employee benefit services. Northwestern Mutual’s subsidiaries and affiliates are comprised of Northwestern Mutual Investment Services, LLC, a wholly-owned company, broker-dealer, member of FINRA and SIPC; the Northwestern Mutual Wealth Management Company, a wholly-owned company of Northwestern Mutual and limited purpose federal savings bank; Northwestern Long Term Care Insurance Company; the Russell Investment Group, and Strategic Employee Benefit Services - a nationwide marketing program providing employee benefit services exclusively through Northwestern Mutual.
Further information on Northwestern Mutual, its subsidiaries and affiliates can be found at http://www.nmfn.com.
SOURCE: Northwestern Mutual
CONTACT: Jean Towell, Northwestern Mutual, 1-800-323-7033, mediarelations@northwesternmutual.com
WEB SITE: http://www.nmfn.com
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