David R. Carpenter, Transamerica Corp. executive vice president, to retire.SAN FRANCISCO--(BUSINESS WIRE)--March 24, 1995--Transamerica Corporation announced today that David R. Carpenter, an executive vice president, has elected to take early retirement effective May 1, 1995, and plans to pursue other interests. Carpenter has been responsible for Transamerica's life insurance operations, investments, and certain corporate staff activities. His responsibilities for the life operations will be assumed by John Fibiger Fi·bi·ger , Johannes Andreas Grib 1867-1928. Danish pathologist. The first to produce cancer experimentally, he won a 1926 Nobel Prize. , who was elected president of Transamerica Occidental oc·ci·den·tal or Oc·ci·den·tal adj. Of or relating to the countries of the Occident or their peoples or cultures; western. n. A native or inhabitant of an Occidental country; a westerner. Noun 1. Life Insurance Company in December 1994. Fibiger and the heads of other functions which reported to Carpenter will report directly to Frank C. Herringer, president and chief executive officer of Transamerica. Herringer commented, "Dave Carpenter has made a tremendous contribution to Transamerica during his time here. He will be missed both as a colleague and a friend, and we wish him well in the next phase of his career. Fortunately, he has assembled as·sem·ble v. as·sem·bled, as·sem·bling, as·sem·bles v.tr. 1. To bring or call together into a group or whole: assembled the jury. 2. an outstanding team, which will be able to continue the life companies' superior performance." Carpenter, 56, began his Transamerica career in 1971. He was made chief executive officer of Transamerica Life Companies in 1983, and executive vice president of Transamerica Corporation Transamerica Corporation is a holding company for various life insurance companies and investment firms doing business primarily in the United States. Transamerica began as a holding company controlled by A. P. in 1993. Carpenter stated, "It's a good time to make this move. Frank's transition of Transamerica to a top-tier operating company operating company A business that engages in transactions with outsiders. is well under way. I've never seen a stronger Transamerica." Fibiger, 62, has been with Transamerica Life Companies since 1991. Prior to joining Transamerica, he had been with New England New England, name applied to the region comprising six states of the NE United States—Maine, New Hampshire, Vermont, Massachusetts, Rhode Island, and Connecticut. The region is thought to have been so named by Capt. Mutual Life for 17 years, holding various positions, including vice chairman and president. Transamerica Occidental Life Insurance Company is one of seven companies that make up Transamerica Life Companies. The companies have more than $28 billion in combined assets and over $3 billion in annual revenues. San Francisco-based Transamerica Corporation is one of the world's largest financial services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. and life insurance companies. Consolidated assets were $40 billion as of December 31, 1994. CONTACT: Transamerica Corp. Richard J. Olsen, 415/983-4055 Ronald C. Petrunoff, 415/983-5503 (financial) |
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