Conseco Inc. (Executives).Gary C. Wendt has resigned as chief executive officer of the troubled life insurer An individual or company who, through a contractual agreement, undertakes to compensate specified losses, liability, or damages incurred by another individual. An insurer is frequently an insurance company and is also known as an underwriter. and finance company Conseco Inc. after attempting for more than two years to lead the company back to profitability. Wendt will keep his position as chairman, the company said. "Our day to day operations are in the hands of strong, capable leaders," Wendt said in a brief statement. The company said it is continuing discussions with debt holders in an effort to fashion a "consensual CONSENSUAL, civil law. This word is applied to designate one species of contract known in the civil laws; these contracts derive their name from the consent of the parties which is required in their formation, as they cannot exist without such consent. 2. restructuring restructuring - The transformation from one representation form to another at the same relative abstraction level, while preserving the subject system's external behaviour (functionality and semantics). ." Conseco said the restructuring effort would continue under the direction of Bill Shea, its president and chief operating officer Chief Operating Officer (COO) The officer of a firm responsible for day-to-day management, usually the president or an executive vice-president. . |
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