Eileen C. McDonnell

Chairman and Chief Executive Officer
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Eileen C. McDonnell

Eileen C. McDonnell has been chairman and chief executive officer since July 2013. She was appointed chief executive officer in 2011 and president in 2010, after serving as chief marketing officer since 2008.

Before joining Penn Mutual, she was president of New England Financial, a wholly owned subsidiary of MetLife, and senior vice president of the Guardian Life Insurance Company. Ms. McDonnell is a former member of the Master of Science in Management faculty at The American College in Bryn Mawr, Pa., where she held the newly endowed chair for Women and Financial Services and is the author of “Marketing Financial Services to Women.”

Ms. McDonnell serves on the Board of Managers of Janney Montgomery Scott LLC, a wholly owned subsidiary of Penn Mutual. Ms. McDonnell serves on the board of the Insurance Federation of Pennsylvania and the board of Universal Health Services, Inc. (NYSE: UHS). In 2016, she was named to the Drexel LeBow Center for Corporate Governance Advisory Board.

A graduate of Molloy College, Rockville Centre, N.Y., Ms. McDonnell majored in mathematics and computer science, and received an honorary doctor of laws (LL.D.) degree in 2011. She earned her MBA in finance and investments from Adelphi University, Garden City, N.Y. and was recognized in 2013 for ‘Outstanding Service” to the university.

Stories by Eileen C. McDonnell

Choosing to Lead: Penn Mutual Aims to be Top Ten in Life Insurance Sales by 2025

By Eileen C. McDonnell | January 10, 2017

Penn Mutual has moved from the 38th to the 17th position in new life sales since the “Great Recession”. Now we are laser focused on breaking into the top ten by 2025!

Lessons from the Shamrock

By Eileen C. McDonnell | May 10, 2016

I was humbled to receive one of the Ellis Island Medals of Honor from the National Ethnic Coalition of Organizations (NECO), which celebrates diversity, fostering tolerance and championing respect for all citizens regardless of race, ethnicity or faith.

Women Are Taking Charge—of Both Their Physical and Financial Health

By Eileen C. McDonnell | May 19, 2015

For women, our financial health and our physical health are tied together more closely than you might think. Penn Mutual and Go Red For Women share a passion for empowering women to take charge of their physical and financial health.

What Glass Ceiling?

By Eileen C. McDonnell | February 12, 2015

Recently, I was interviewed by Forbes.com contributor Emma Johnson, who focuses her coverage on women and money. During our conversation we talked a lot about my views on what many call “the glass ceiling.

Penn Mutual’s Vision for 2015 and Beyond

By Eileen C. McDonnell | January 6, 2015

Since the onset of the Digital Age, our society has redefined how we live, work and connect with each other. It has also redefined where we place value — and we, as a company, must respond.

Thanking Returning Veterans by Launching Their Careers in Financial Services

By Eileen C. McDonnell | November 11, 2014

Interested in finding a disciplined, highly-trained workforce that knows the value of hard work and getting the job done? On Veterans Day, we here at Penn Mutual remember the great sacrifice paid by members of our nation’s military, as well as the possibilities they bring to the American workplace.

Life Insurance and Millennials: What the Industry Can Learn From a Day at Facebook

By Eileen C. McDonnell | September 8, 2014

Only three life insurance company CEOs took Facebook up on the offer to get an inside perspective of how Facebook became America’s 21st largest corporation.