The Travelers Companies’ CEO Alan Schnitzer has added the title of “chairman” to his nameplate, ending after the company’s former leader, Jay Fishman, died of Lou Gherig’s disease in August 2016.
Travelers said its board of directors unanimously elected Schnitzer to become its next chairman. John Dasburg, the previous chairman, will now resume his previous role of independent lead director, a position he held before Fishman died.
Fishman was executive chairman at Travelers at the time of his death. Because of his illness, in late 2015, after which Schnitzer became CEO.
Dasburg said the Travelers board of directors believes combining the roles of chairman and CEO for one executive serves the company and its shareholders best in the face of “unprecedented change for the insurance industry.”
Source: Travelers
Related:
Was this article valuable?
Here are more articles you may enjoy.
North Carolina Becomes First State to Pass Outright Ban on Litigation Financing 
Bayer’s Supreme Court Win in Roundup Case No ‘Silver Bullet’ 
What Happens to Property Pricing in ’27, Insurance, Reinsurance Execs Ask 
PE-Backed Insurance Broker Hub International Files Confidentially for US IPO 
