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Brighthouse Financial, Inc. (NASDAQ:BHF), a $2.64 billion market cap insurance company currently trading at an attractive P/E ratio of 4.8x, announced a series of executive leadership changes, according to a statement released in a recent SEC filing. According to InvestingPro analysis, the company maintains strong financial health with liquid assets exceeding short-term obligations and boasts a perfect Piotroski Score of 9, indicating excellent operational efficiency.
On August 27, the company’s board of directors appointed Myles J. Lambert as Executive Vice President and Chief Operating Officer, effective August 30. Lambert, age 50, previously served as Executive Vice President and Chief Distribution and Marketing Officer since August 2017. In his new role, he will oversee company operations while continuing to lead distribution, marketing, and corporate strategy.
Lambert’s compensation package includes an annual base salary of $700,000. He is also eligible for a target annual short-term incentive of 140% of his base salary and a target long-term incentive of 305% of his base salary, divided between restricted stock units (40%) and performance share units (60%), subject to performance goals and plan terms. Additionally, Lambert will receive a special cash award of $1 million, payable on July 1, 2027, contingent on continued employment and meeting management expectations. If involuntarily terminated without cause before that date, he remains eligible for the award.
The board also appointed Melissa Pavlovich as Chief Accounting Officer, effective August 30. Pavlovich, age 53, joined Brighthouse in July 2020 and previously led the Tax department as Tax Director and later as Head of Tax. She will continue to oversee the Tax department in addition to her new responsibilities. Prior to joining Brighthouse, Pavlovich held tax leadership positions at CVS Health Corporation and Aetna Inc., as well as roles at Ernst & Young LLP and Arthur Andersen LLP.
Pavlovich’s compensation includes an annual base salary of $425,000, a target short-term incentive of 60% of her base salary, and a target long-term incentive valued at $219,500, also split between restricted stock units and performance share units and subject to performance criteria.
Richard Cook, who served as Interim Chief Accounting Officer since November 2024, transitioned to the role of Deputy Chief Accounting Officer effective August 30.
This information is based on a press release statement contained in a recent SEC filing. For deeper insights into Brighthouse Financial’s financial health, valuation metrics, and growth prospects, access the comprehensive Pro Research Report available exclusively on InvestingPro, which covers over 1,400 US stocks with detailed analysis and actionable intelligence.
In other recent news, Brighthouse Financial Inc. reported disappointing financial results for the second quarter of 2025. The company announced adjusted earnings per share of $3.43, which fell short of the anticipated $4.48, marking a 23.44% miss. Additionally, Brighthouse Financial’s revenue was reported at $871 million, significantly below the expected $2.2 billion, resulting in a revenue surprise of -60.41%. These results have raised concerns among investors regarding the company’s current performance. Analysts have taken note of these developments, with some firms likely to reassess their ratings based on the earnings miss. The financial figures highlight the challenges Brighthouse Financial is currently facing in meeting market expectations. These recent developments are crucial for investors to consider when evaluating the company’s outlook.
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