Mutual of America and its Boards of Directors, together with its officers, employees and retired employees, mourn the passing and celebrate the life of Thomas J. Moran, Chairman Emeritus of Mutual of America, who passed away peacefully on August 12, 2018.
Tom joined Mutual of America in 1975. He was appointed President of Mutual of America in 1992, becoming the first President to be appointed from within the Company. In October 1995, he was appointed Chief Executive Officer and successfully led the Company in that role for 21 years, before retiring in April 2016. He was appointed Chairman of the Board in June 2005 and retired from Mutual of America's Board in March 2018.
Tom had an extraordinary 43-year career at Mutual of America. He was instrumental in the Company's conversion into a mutual life insurance company and its growth to a retirement savings company with over $20 billion in assets. One of his first challenges after becoming President of the Company was his very successful oversight of the purchase and renovation of Mutual of America's headquarters building at 320 Park Avenue in New York City. This decision by the Company's Board of Directors affirmed the Company's prominent role in the financial services industry and the confidence the Board had in his ability to lead the Company into the future.
In addition to his remarkable business accomplishments, Tom willingly gave of his time, talents and resources to countless humanitarian and community causes both domestically and throughout the world, and there can be no doubt that thousands of lives were forever changed because of his unmatched generosity.
"While Tom touched so many lives, he was particularly loved by his Mutual of America family," said John R. Greed, Chairman, President and Chief Executive Officer. "Those of us who were fortunate and blessed to have known and worked closely with him will fondly remember his wisdom, integrity, compassion, caring nature, great sense of humor, limitless energy and an unbound enthusiasm for life that had a contagious effect on everyone he met. He serves as an inspiration for all who knew him. He will be greatly missed. And while we mourn his passing, we celebrate his remarkable life and are grateful for Tom's immeasurable contributions to Mutual of America, and the Company will continue to thrive precisely because of the culture and foundation that he built over so many years of his life."