Tuesday, March 24, 2009

 

Phoenix's CEO Stepping Down as Insurer Battles for Survival

Dona D. Young, who tried to turn around the struggling Phoenix Cos. for six years as CEO, will retire April 15 as the Hartford insurer fights for survival in a dismal economy.

James D. Wehr, 51, who is senior executive vice president and chief investment officer, will become president and chief executive and join the board of directors, The Phoenix Companies Inc. said Monday. Thomas S. Johnson, 68, a member of the company's board since 2000, will be non-executive chairman.

Phoenix's CEO Stepping Down as Insurer Battles for Survival
Source: Hartford Courant

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