CEO succession planning News
MEMIC Names Bourque, Its Longtime Communications Exec, as New CEO
The MEMIC Group named a longtime communications executive at the workers compensation specialty insurer as its new president and CEO. Michael Bourque will replace John Leonard as MEMIC's leader after ...
Warren Buffett: ‘If I Die Tonight, I Think the Stock Would Go Up Tomorrow’
Warren Buffett, the billionaire chairman and chief executive officer of Berkshire Hathaway Inc., assured shareholders that they'll be fine after he's gone. "If I die tonight, I think the stock would ...
Departing AIG CEO Hancock Paid Nearly $9.6M in 2016, Despite Bonus Denial
American International Group Inc's board of directors declined to award Chief Executive Officer Peter Hancock a cash bonus for his work last year, after the company's dismal financial performance ...
Billionaire Investor John Paulson Reportedly Planning AIG Board Exit
Billionaire John Paulson is planning to step down from American International Group Inc.'s board after his hedge fund sold shares in the insurer, according to a person familiar with the plan. The ...
Departing AIG CEO Hancock Gets $5M in Cash to Stay During Transition
Peter Hancock gets $5 million in cash to stay on as American International Group's chief executive officer while the board searches for his replacement. But the insurer's departing president and CEO ...
Could One of These Men Be AIG’s Next Leader?
It's been 17 months since activist Carl Icahn started targeting American International Group Inc.'s Chief Executive Officer Peter Hancock, faulting him for the company's sluggish returns and ...
AIG CEO Peter Hancock to Depart After Four Losses in Six Quarters
American International Group Inc. Chief Executive Officer Peter Hancock is stepping down after posting four losses in six quarters—results that hurt investors including activists Carl Icahn and ...
CoreLogic CEO Nallathambi Dies Unexpectedly After Brief Illness
CoreLogic President and CEO Anand Nallathambi has passed away after a brief illness. Nallathambi held both titles with company since 2010. CoreLogic is known for providing catastrophe modeling, as ...