Lynn Esenwine was named vice president, pension buyout at MassMutual Retirement Services, said David Potter, spokesman.
It is a newly created position. She leads the company's growing pension risk transfer business, which includes a transaction earlier this year in which Kimberly-Clark Corp., Dallas, purchased group annuity contracts from both MassMutual and Prudential Insurance Co. of America to transfer defined benefit plan benefits of about 21,000 U.S. retirees.
Ms. Esenwine reports to Keith McDonagh, senior vice president and chief financial officer at MassMutual Retirement Services.
She was previously distribution vice president for pension risk transfer at Prudential Retirement, said Josh Stoffregen, Prudential spokesman. Mr. Stoffregen declined comment on future plans for the position.