The Hartford chairman resigns
The chief executive officer (CEO) of The Hartford, Christopher Swift, has been elected as chairman of the board of directors.
He succeeds Liam McGee, who stepped down as CEO of The Hartford in July 2014, and who is resigning from the board effective January 5, 2015.
Swift has been CEO of The Hartford since July 2014. He joined the company in 2010 as executive vice president and chief financial officer. Previously he held various senior leadership and finance roles at American International Group (AIG) and began his career in public accounting at KPMG.
McGee said: It has been an honour and a privilege to lead The Hartford through a successful strategic transformation and seamless leadership transition. I am proud of what the team has accomplished together and I am confident that now is the right time for Chris to assume this broader leadership role. I look forward to the company’s continued achievements.”
“Over the past six months, The Hartford has executed a seamless and highly successful leadership transition,” said Thomas Renyi, independent presiding director for The Hartford. “The company has made tremendous progress advancing its strategy and we look forward to Chris’ leadership as both CEO and chairman.
“We believe this is the optimal governance structure for the organisation to continue to deliver against its business strategy and create value for shareholders. On behalf of the board of directors and everyone at The Hartford, I would like to thank Liam for his leadership and turnaround of this iconic insurer.”
