A Conversation with Frank:

Climbing the Corporate Ladder

Frank Boccio ’74 recently retired from his position as Executive Vice President and Chief Administrative Officer of New York Life Insurance Company. He reported directly to New York Life Chairman, President and Chief Executive Officer Ted Mathas and was a member of the Company’s Executive Management Committee for 14 years.

Mr. Boccio served as the Vice Chairman of the New York Life Foundation. Throughout his 40 year career, Frank held a series of managerial and senior leadership positions across many of the Company’s businesses including individual life insurance, annuity, disability income, long-term care and group life and health. He was responsible foran extensive array of functions including underwriting, customer and agent services, claims, information systems and technology, corporate insurance management, corporate travel and dining services, employee health services, human resources, procurement, internal auditing, philanthropy, corporate security and disaster recovery. He had overall responsibility for more than half of the Company’s nine thousand employees, and an annual expense budget of nearly one billion dollars.

In 1974, after graduating from Queens College of the City University of New York, Mr. Boccio joined New York Life as a customer service trainee in the group insurance area and during the next several years his responsibilities expanded rapidly through a series of promotions and departmental moves across several disciplines. Frank became an Assistant Vice President in 1984. He was promoted to Vice President in 1989. In 1995, he was promoted to Senior Vice President. He was appointed to New York Life’s Executive Management Committee in 2000.  He was elected Executive Vice President and Chief Administrative Officer of the Company in 2007 and retired from his position in 2014.