Houston-based HCC Insurance Holdings Inc. is moving forward with its previously announced CEO succession plan. John N. Molbeck, Jr. will continue to serve as CEO until the final board of directors meeting of the year, scheduled for Dec. 19, 2012.
Christopher J.B. Williams, company president and previously announced successor to Molbeck, will become CEO at that time. Molbeck will remain actively involved with the company through his planned retirement date of May 31, 2013, and is expected to continue to serve on the HCC board.
Along with the appointment of Williams’ as CEO, Chief Operating Officer William N. Burke, Jr., will be promoted to president and chief operating officer, also effective Dec. 19.
Was this article valuable?
Here are more articles you may enjoy.
WTW to Acquire Newfront in Deal Worth Up to $1.3B 
State Farm Sued Over Policies Backed by Distressed Insurer PHL 
Acrisure CEO Greg Williams Makes $400M Commitment to Michigan State University 
Chubb, The Hartford, Liberty and Travelers Team Up on Surety Tech Launch 
