Michael Marchant serves as the Corporate Vice President at New York Life Insurance Company, where he leads critical initiatives in Supplier Diversity, Supplier ESG (Environmental, Social, and Governance), Spend Reporting, and Contract Administration. With over 20 years of experience in operations, procurement, and legal leadership,...
Michael Marchant serves as the Corporate Vice President at New York Life Insurance Company, where he leads critical initiatives in Supplier Diversity, Supplier ESG (Environmental, Social, and Governance), Spend Reporting, and Contract Administration. With over 20 years of experience in operations, procurement, and legal leadership, Michael has established himself as a strategic business partner adept at navigating complex procurement landscapes. His expertise in contract negotiation and administration allows him to effectively manage supplier relationships while ensuring compliance with regulatory standards and company policies.
In his current role, Michael is instrumental in advancing New York Life's commitment to supplier diversity, fostering an inclusive procurement environment that not only enhances business opportunities for underrepresented suppliers but also drives innovation and competitive advantage. He is also at the forefront of integrating ESG principles into the supplier selection process, aligning procurement strategies with the company's sustainability goals. By leveraging his skills in project management and outsourcing, Michael successfully oversees the spend reporting function, providing critical insights that inform strategic decision-making and optimize resource allocation.
Recognized for his ability to anticipate challenges and mitigate business risks, Michael employs a proactive approach to operational effectiveness. His leadership in contract servicing ensures that all agreements are executed with precision, safeguarding the company’s interests while promoting ethical practices. As a thought leader in the procurement space, Michael continues to advocate for best practices that enhance supplier relationships and contribute to New York Life's overall mission of financial security for its clients.
