Sam Foti is an extremely successful business man and Venture Capitalist. The following is some of his background, Samuel Joseph Foti has been acting President and Chief Operating Officer of Mony Group Inc. since 1997. Mr. Sam Foti has been acting President and Chief Operating Officer of MONY Life Insurance Company (”MONY Life”) since February 1994. He worked as President and Chief Operating Officer of Mony Life Insurance Co. of America. Mr. Foti labored as Chairman of the Board of Trustees of The American College from January 2000 to January 2002. He’s been a Director of Mony Group Inc. since 1997 … and MONY Life since January 1993. He served as a Director of Mony Life Insurance Co. of America. He previously worked on the Board of Directors of the Life Insurance Marketing and Research Association (LIMRA), where he worked as Chairman from October 1996 through October 1997. Mr. Foti is a Trustee of The American College as well.

Samuel J. Foti, CLU
President and Chief Operating Officer, The MONY Group Inc.Samuel J. Foti, CLU, is President and Chief Operating Officer of The MONY Group Inc. (NYSE: MNY), a financial services holding company that provides an extensive range of protection, asset accumulation and retail brokerage products and services through its member companies.

As President and Chief Operating Officer, Foti has authority for operational functions within The MONY Group as well as the finance and sales functions. In addition, non-insurance subsidiaries including Enterprise Capital Management and MONY’s international subsidiaries present to him. He has executed plans to branch out and amplify the company’s distribution channels, increasing beyond the career agency system to encompass avenues such as the Internet.

Key Accomplishments
Throughout his tenure at MONY, Mr. Sam Foti has been the strategic driving force behind a number of initiatives that have distinguished the company and enhanced its financial standing in the eyes of industry rating agencies. Here is a short list of some of his more prominent accomplishments:

* Mr. Foti played an important role in the company’s demutualization, a process that permits a privately-held mutual life insurance company to convert to a publicly-owned firm. This approach has been adopted by other insurance companies in the industry.
* He increased the company’s product line, services and revenue generation possibilities by, among other things, coordinating the acquisition of U.S. Financial Life Insurance Co. and Trusted Advisors Inc.
* Mr. Foti implemented important revenue savings initiatives, along with an early retirement program and the reduction of sales force-related costs.
* He overlooked the conception and amplification of the company’s Enterprise Strategies group, allowing the company to distribute through wholesalers and transition MONY’s distribution network.
* Mr. Foti guided the company’s Internet/Intranet (Web) and Information Technology (IT) strategies, all of which have been praised by industry technology leaders, industry groups and publications.
* He completed on plans to diversify and increase the company’s distribution channels, expanding beyond the career agency system to include avenues including the Internet.
* Foti led the company’s intentions to tier, or segment, its career agency system, a maneuver that has been mimiced by other companies in the financial services industry.
* He altered the company’s product mix by increasing the target on the accumulation business, enlarging the number of Million Dollar Round Table sales force qualifiers and elevating the quality of the sales force by stengthening their training and resources.
* Foti executed a strategy to reposition the company’s investment portfolio by depressing its exposure to mortgage loans and enhancing management of the equity real estate portfolio.
* He helped refocus the company by selling off many subsidiaries and divisions that weren’t key to its core businesses.

Foti joined MONY in 1988 as the National Director of Agency Operations. He was then moved up to Executive Vice President, Insurance Operations in 1991, a position that he stayed at until he was named President and Chief Operating Officer in 1994. Previous to joining MONY, Foti worked for Metropolitan Life Insurance Company. At Metropolitan he held a assortment of positions from 1974 to 1982 and labored as a Vice President from 1983 to 1988.

Foti’s past and present leaderships include The MONY Group Inc., MONY Life Insurance Company of America, MONY Bank & Trust Company of the Americas, Ltd., Life Insurance Marketing and Research Association (LIMRA), The Enterprise Group of Funds, and The American College. He has aslo been a Chartered Life Underwriter since 1977.

He graduated in 1974 from Wharton School of Business. Samuel Foti then studied law at the University of Oxford for one year and received his masters degree from the University of Pennsylvania Graduate School of Arts and Sciences. He majored in Finance and Investments.