Massachusetts Mutual Life Insurance (MassMutual) has announced new leadership transition in a bid to advance the company's financial strategies and enterprise-wide focus on developing talent.

The firm has appointed senior vice president, Greg Deavens as corporate controller and will report to MassMutual chief financial officer Michael Rollings.

In his new role, Deavens will lead MassMutual’s financial reporting, accounting policy, financial systems and GIA investment reporting functions.

Joined in 2006 in MassMutual, Deavens served as senior vice president to lead the company’s US Insurance Group finance division.

The company also named Norm Smith as senior vice president to lead US Insurance Group finance division and will report to MassMutual US Insurance Group Executive Vice President Michael Fanning.

Smith is now responsible for the financial management activities for the company’s insurance business which include financial planning and analysis, competitive analysis, expense management and oversight for key elements of the internal control environment.

For four year since the joining in MassMutual in 2000, Smith led the finance function for MassMutual’s disability income insurance business and later served as Corporate Controller.