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Sam Foti – Professional excellence at its best
The top leadership of companies and major businesses is the main deciding factor of its success. Sam Foti, President and Chief Operating Officer of The MONY Group Inc., is a perfect example of this excellence. He has over three decades of experience in this field and has helped his company to shed its losses and turn to the path of profitability.
Samuel J. Foti is a graduate of Wharton Business School. He later pursued his Masters Degree in Finance and Investments from the University of Pennsylvania Graduate School of Arts and Sciences. He joined Metropolitan Life Insurance Company afterwards. He served in the company for around 11 years but left the company in 1988 to join MONY as the National Director of Agency Operations. He was promoted to Executive Vice President, Insurance Operations in 1991; he finally bagged the position of COO in 1994 and has been working in this capacity since then.
Samuel Foti had to face many challenges during this time. MONY was suffering from losses and there were inherent flaws in its working procedure. He rose to the challenge by listing it on stock exchanges and eliminating extra workforce by offering them lucrative packages. The company has remained profitable since that time.