ceo succession News

Nationwide Taps Insider Walker as CEO to Succeed Rasmussen

Columbus, Ohio-based insurer Nationwide said Kirt Walker, a 33-year company veteran, will become its next chief executive officer. Plans call for Walker to take over the CEO slot on Oct. 1, 2019. He will succeed current CEO Steve Rasmussen, who …

Applied Systems Names Rhodes New CEO as French Steps Down

Reid French has stepped down as CEO of the insurance agency technology firm Applied Systems, and cloud technology executive Taylor Rhodes has joined as Applied’s new chief executive officer. French, who served as CEO for eight years, will continue to …

Carlson Named CEO for Wells Media Group

Wells Media Group Chairman Mark Wells announced that Josh Carlson has been named CEO of Wells Media Group, Inc., effective immediately. Carlson has served as chief technology officer/chief innovation officer of Wells Media Group since 2015. He also serves as …

Hannon Assumes CEO Role at ProSight as Beneducci Steps Aside to Become Chairman

ProSight Specialty Insurance announced that Joe Beneducci will be taking over the role of executive chairman for the insurer. Larry Hannon, who has been serving as ProSight’s chief operating officer, will succeed Beneducci as chief executive officer, effective immediately. Beneducci …

Nationwide Insurance CEO Rasmussen to Retire After 10 Years at Helm

Long-time Nationwide Chief Executive Officer Steve Rasmussen plans to retire later in 2019, the company disclosed. Rasmussen’s last official day as CEO will be Oct. 1, 2019, capping more than 10 years leading the Ohio-based insurer. Nationwide noted, however, that …

GEICO’s Nicely Quietly Retired as CEO; Roberts at Helm

Warren Buffett used his annual letter to heap praise on Tony Nicely, the long-time chief executive officer of Berkshire Hathaway Inc.’s GEICO insurance unit. The letter also offered some perhaps surprising news: Nicely retired as CEO last year. Nicely handed …

Khalaf to Take Over as MetLife CEO from Kandarian on May 1

MetLife Inc. appointed Michel Khalaf president and chief executive officer, succeeding Steven Kandarian. Khalaf, 54, will take over on May 1, the company said Tuesday in a statement. He is currently president of the company’s U.S. and Europe, Middle East …

Majesco Appoints Elster as CEO; Mehta Becomes Chairman

Insurance software and consulting firm Majesco has appointed Adam Elster as chief executive officer, effective October 1, 2018. The company said that Ketan Mehta, Majesco co-founder and current CEO, has decided to retire from the operational role after 36 years …

Alibaba’s Ma to Step Down as Chairman in Year; Zhang Named Successor

Alibaba is heralding the end of the Jack Ma era. A former English teacher who helped found Alibaba Group Holding Ltd. two decades ago, Ma outlined plans to hand the executive chairman role to Daniel Zhang, a finance veteran who’s …

Country Financial CEO Bock Plans to Retire in January

Kurt Bock will retire as chief executive officer of Illinois-based Country Financial effective January 31, 2019, after serving in the leadership role for seven years. The company said a search for his successor is underway. Bock has been chief executive …