The Penn Mutual Life Insurance Company Recognized for Boardroom Diversity
With Nearly Half its Board Being Women, the Company Ranks Among the Top in Latest Survey
HORSHAM, Pa. – March 31, 2016 – This March, during Women’s History Month, The Penn Mutual Life Insurance Company (Penn Mutual) has a lot to be proud of. The company was recently recognized by 2020 Women on Boards for having 42 percent of its corporate board seats held by women.
The 2020 Women on Boards organization is a national campaign dedicated to increasing the percentage of women on corporate boards to 20 percent by 2020. Penn Mutual received the Winning ‘W’ Company award for well-exceeding that goal. With women representing nearly half the company’s board members, Penn Mutual ranks as one of the top companies on 2020’s list for 2015. Women also make up 40 percent of Penn Mutual’s executive leadership team.
Diversity plays an enormous role at Penn Mutual and is something the company is truly proud of. “We’re extremely honored to receive this recognition. Our country has continued to become more diverse, and we’re proud to be taking the lead, not only in the insurance industry, but across the business world,” says Eileen McDonnell, chairman and CEO of Penn Mutual. “At Penn Mutual, diversity has been at the forefront of our culture. We value different experiences, backgrounds, cultures and ideas to encourage new ways of thinking. This allows us to be stronger at what we do for the people we serve,” McDonnell says.
To view the full list of companies that were recognized please visit the directory at www.2020wob.com.
About The Penn Mutual Life Insurance Company
Since its founding in 1847, Penn Mutual has been driven by its noble purpose to create a world of possibilities. At the heart of this purpose is the belief that purchasing life insurance is the most protective, responsible and rewarding action a person can take, and is central to a sound financial plan. The company is committed to helping individuals, families and small businesses unlock life’s possibilities through life insurance and annuity solutions. This is accomplished through a national network of more than 5,000 financial professionals, who help clients make great things possible. Penn Mutual supports its field representatives with brokerage services through Hornor, Townsend & Kent, Inc. Registered Investment Advisor and wholly owned subsidiary. Member FINRA/SIPC. Visit Penn Mutual on the Internet at http://www.pennmutual.com/.