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.
Chubb: Cyber Claim Severity Nearly Doubled for Large Businesses 
Tennessee Approves Smallest Drop in Workers’ Compensation Costs in Years 
Lawsuit Alleges Microbetting Product by DraftKings, FanDuel, NFL Leads to Addiction 
Married Massachusetts Insurance Brokers Plead Guilty to Defrauding Clients of $750K 
