Free Submission Public Relations & NewsPR-inside.com
Home
Deutsch English

Business

Tower Announces Planned Retirement of Chief Financial Officer; Appoints New Senior Vice President and Chief Financial Officer


Print article Print article
© Business Wire 2009
2009-11-19 22:32:01 -

Tower Group, Inc. (“Tower”; NASDAQ: TWGP) announced today that William E. Hitselberger will join Tower on December 8, 2009 as Senior Vice President and will become Chief Financial Officer effective March 15, 2010. He will succeed Francis M. Colalucci, who will retire from his position as Chief Financial Officer effective March 15, 2010 and from Tower’s Board of Directors when his term expires on May 12, 2010.

Michael Lee, President and Chief Executive Officer of Tower, stated, “Frank has been a tremendous asset to Tower since 2002, played a key role in our initial public offering in 2004, and has successfully led our financial team over the years. We thank him for his many contributions and wish him well in his

upcoming retirement. We are also pleased to welcome Bill Hitselberger to our senior management team. We believe Bill’s excellent qualifications, experience and leadership skills will enable him to make this transition successful and contribute significantly to our company.”


Mr. Hitselberger has served as Chief Financial Officer of PMA Capital Corporation since June 2002. Prior to that, he served as Vice President and Chief Financial Officer of the PMA Insurance Group from 1998 to 2002 and as Vice President of the PMA Insurance Group from 1996 to 1998. Mr.

Hitselberger served in various positions at the Continental Corporation from 1986 to 1996. He began his career at KPMG Peat Marwick in 1980. A graduate of the Wharton School at the University of Pennsylvania with a Bachelor of Science degree in accounting, Mr. Hitselberger is a Certified Public Accountant and Chartered Financial Analyst.



About Tower Group, Inc.

Tower Group, Inc. offers diversified property and casualty insurance products and services through its operating subsidiaries. Its insurance company subsidiaries offer insurance products to individuals and small to medium-sized businesses through its network of retail and wholesale agents and specialty business through program underwriting agents.
Tower's insurance services subsidiaries provide underwriting, claims and reinsurance brokerage services to other insurance companies.

For more information visit Tower's website at www.twrgrp.com/ :

Tower Group, Inc.Thomas Song, 212-655-4789Managing Vice
President tsong@twrgrp.com : mailto:tsong@twrgrp.com


Author:
Hossam Abdel-Kader
e-mail
Web: www.pr-inside.com/
Phone: +43 1 9582319

Disclaimer: (c) 2012 Business Wire. All of the news releases contained herein are protected by copyright and other applicable laws, treaties and conventions. Information contained in the releases is furnished by Business Wire's members, who warrant that they are solely responsible for the content, accuracy and originality of the information contained therein. All reproduction, other than for an individual user's personal reference, is prohibited without prior written permission.
Latest News
Read the Latest News
www.newsenvoy.com

 


Terms & Conditions | Privacy | About us | Contact PR-inside.com | BidVertiser