Sy Stern­berg Suc­ceeds Neal F. Finnegan

TheCor­po­ra­tion of North­eastern Uni­ver­sity, a world leader in expe­ri­en­tial edu­ca­tion and trans­la­tional research, has elected Sy Stern­berg, MS ’68, as chairman. Stern­berg is chairman of the board and chief exec­u­tive officer of New York Life Insur­ance Com­pany (NYLIC), the largest mutual life insur­ance com­pany in the United States and one of the largest life insurers in the world.

Stern­berg joined the Board of Trustees in 2004 and will suc­ceed Neal F. Finnegan, ’61, Hon. ’98, as chairman on July 1st. Finnegan, who becomes chairman emer­itus, has served as chairman since 1998 and has served on the Board of Trustees since 1989.

Stern­berg, who grad­u­ated from North­eastern with a master’s degree in elec­trical engi­neering, is one of the nation’s most promi­nent busi­ness leaders. His lead­er­ship acumen, deep under­standing of the global arena and per­sonal com­mit­ment to North­eastern will pro­vide a vast resource of knowl­edge and expe­ri­ence to the board and the admin­is­tra­tive lead­er­ship of Northeastern.

North­eastern is now embarking upon some of the most ambi­tious and wide-​​ranging ini­tia­tives in the his­tory of this insti­tu­tion,” observes Stern­berg. “I look for­ward to working closely with Pres­i­dent Joseph Aoun on the impor­tant work that lies ahead.”

The Stern­berg family’s com­mit­ment to advance North­eastern through inter­dis­ci­pli­nary research has man­i­fested itself most recently with the estab­lish­ment of two endowed inter­dis­ci­pli­nary fac­ulty posi­tions. Stern­berg and his wife, Laurie, have endowed the Stern­berg Family Dis­tin­guished Uni­ver­sity Endowed Chair and the Sy and Laurie Stern­berg Inter­dis­ci­pli­nary Endowed Professorship.

North­eastern is enjoying tremen­dous momentum. Each day brings with it excite­ment of what it is new. Sy Stern­berg under­stands the impact of every­thing we do and appre­ci­ates our quest for future great­ness,” said Joseph Aoun, Pres­i­dent of North­eastern Uni­ver­sity. “Few leaders share Sy’s high cal­iber of vision and integrity, not to men­tion his absolute com­mit­ment to our uni­ver­sity. We are for­tu­nate to have the right leader, at the right time, to move North­eastern forward.”

Stern­berg joined New York Life in 1989 as senior vice pres­i­dent in charge of the company’s group insur­ance depart­ment. In Feb­ruary 1995, he was elected vice chairman of the board of New York Life, and became pres­i­dent and chief oper­ating officer on October 1, 1995. He became chairman of the board and chief exec­u­tive officer on April 1, 1997.

Before joining New York Life, he spent 13 years at the Mass­a­chu­setts Mutual Life Insur­ance Com­pany, where he was most recently senior exec­u­tive vice pres­i­dent. In that posi­tion, he was one of three mem­bers of the office of the chairman and a member of the company’s board of directors.

Stern­berg, a native of Brooklyn, New York, is a director of the CIT Group, Inc., Express Scripts, Inc., and the U.S. Chamber of Com­merce. He is also a director of the NYC Lead­er­ship Academy and the Part­ner­ship for New York City, and is a member of the Council on For­eign Rela­tions, and the Busi­ness Round­table and serves on its Task Forces on Inter­na­tional Trade and Invest­ment, Secu­rity and Fiscal Policy and the Lead­er­ship Com­mittee of the Lin­coln Center Con­sol­i­dated Cor­po­rate Fund. Stern­berg is a Board of Trustees member for Big Brothers Big Sis­ters of New York City, New York-​​Presbyterian Hos­pital, and the Hackley School in Tar­ry­town, NY. He is chairman of the City Uni­ver­sity of New York (CUNY) Busi­ness Lead­er­ship Council and vice chairman of the Kennedy Center Cor­po­rate Fund.

In 1999, Stern­berg was appointed by Pres­i­dent Clinton as one of three U.S. rep­re­sen­ta­tives to the Asia-​​Pacific Eco­nomic Coop­er­a­tion Busi­ness Advi­sory Council; he served through 2002. He is cur­rently a member of the board of the US-​​China Busi­ness Council. Ear­lier this year, New York City Mayor Michael Bloomberg appointed Stern­berg, along with former Mayor David Dinkins, co-​​chair of the Mayor’s Task Force on Career and Tech­nical Edu­ca­tion Innovation.

For more infor­ma­tion, please con­tact Renata Nyul at 617–373-7424 or at r.​nyul@​neu.​edu.

About North­eastern

Founded in 1898, North­eastern Uni­ver­sity is a pri­vate research uni­ver­sity located in the heart of Boston. North­eastern is a leader in inter­dis­ci­pli­nary research, urban engage­ment, and the inte­gra­tion of class­room learning with real-​​world expe­ri­ence. The university’s dis­tinc­tive coop­er­a­tive edu­ca­tion pro­gram, where stu­dents alter­nate semes­ters of full-​​time study with semes­ters of paid work in fields rel­e­vant to their pro­fes­sional inter­ests and major, is one of the largest and most inno­v­a­tive in the world. The Uni­ver­sity offers a com­pre­hen­sive range of under­grad­uate and grad­uate pro­grams leading to degrees through the doc­torate in six under­grad­uate col­leges, eight grad­uate schools, and two part-​​time divi­sions. For more infor­ma­tion, please visit www​.north​eastern​.edu.