succession News

Tipsord to Succeed Rust as State Farm CEO

Michael Tipsord, State Farm president and chief operating officer who first joined the insurer in 1988, will succeed outgoing CEO Edward B. Rust Jr. in September as chief executive officer. Rust, in speaking during a company wide telecast, said the …

Travelers CEO Fishman Reduces Outside Activities Due To Health

Travelers Cos. Chief Executive Officer Jay Fishman is reducing his activities that aren’t tied to the company after being diagnosed with a neuromuscular condition. “I have already begun to cut back fairly meaningfully on my non-Travelers commitments,” Fishman, 62, said …

GNY Insurance Cos.’ Heck to Retire; Daughter to Succeed Him As CEO

Warren Heck, the long-time leader of GNY Insurance Companies, plans to retire at the end of 2014. He’ll remain at the insurer as non-executive chairman. His daughter, Elizabeth Heck, currently president and chief operating officer, will replace him as CEO. …

Burand & Associates and SageQuest Consulting Announce Perpetuation NexGen

Denver, CO, 07/05/12 – Insurance agency consultants, Burand & Associates, and family business advisors, SageQuest Consulting, are proud to announce the first of its kind, holistic perpetuation planning program – Perpetuation NexGen. “The need for perpetuation or succession planning is …

AIG’s Benmosche, Responding Well to Cancer Treatment, to Stay as CEO

American International Group Inc. (AIG) said that CEO Robert H. Benmosche’s prognosis for his cancer is such that he is expected to be able to remain in his position at AIG on his previously announced timetable, which would have him …