Conseco Chief Excutive William S. Kirsch Announces Retirement

May 5, 2006

The chief executive officer of Conseco Inc. is resigning after less than two years at the helm of the insurance firm, he announced this week..

William S. Kirsch, who is also the company’s president, will leave Conseco on May 23. Kirsch, 49, said he plans to spend more time with his family and explore other opportunities.

James E. Hohmann, the company’s former executive vice president and chief administrative officer, will take over as interim CEO until a permanent replacement is found.

Conseco filed for bankruptcy protection in December 2002, when its plans to expand from insurance into a range of financial services collapsed under a mountain of debt. Conseco emerged from Chapter 11 protection in September 2003. At the time, it was the one of the nation’s largest bankruptcies.

Kirsch said the company’s current executives have worked to transform the once-embattled business.

“I am very proud of the Conseco team and what we have achieved in turning the company around over the past two years,” he said.

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