Joseph Brandon to Take Helm At General Re as Chairman-CEO.General Re Corp. said Joseph P. Brandon, executive vice president, has succeeded Ronald E. Ferguson as chief executive officer, effective Oct. 1. Brandon also has been tapped to assume Ferguson's role as chairman when Ferguson retires from that post in June 2002. Brandon joined Berkshire Hathaway Berkshire Hathaway (NYSE: BRKA, NYSE: BRKB) is a conglomerate holding company headquartered in Omaha, Nebraska, U.S., that oversees and manages a number of subsidiary companies. Inc.'s General Re in 1989 and was the company's chief financial officer for more than nine years. He was promoted in June 2000 to executive vice president of General Re and became vice chairman and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of General Reinsurance The contract made between an insurance company and a third party to protect the insurance company from losses. The contract provides for the third party to pay for the loss sustained by the insurance company when the company makes a payment on the original contract. Corp., General Re's principal North American North American named after North America. North American blastomycosis see North American blastomycosis. North American cattle tick see boophilusannulatus. operating entity. He also has been a member of General Re Corp.'s executive committee since 1995. "An important part of being a good CEO is cultivating a strong successor and a deep management team, and Ron has successfully accomplished both of these goals. I have great confidence in Joe Brandon's leadership abilities reinsurance expertise and financial skills and look forward to working closely with him and General Re's next generation of leaders," Warren E. Buffett, chairman and CEO of Berkshire Hathaway, said in a statement. General Re also promoted several other executives. Franklin (Tad (Telephone Answering Device) An answering machine. ) Montross IV, who is executive vice president of General Re Corp., has been named president and chief underwriting Underwriting 1. The process by which investment bankers raise investment capital from investors on behalf of corporations and governments that are issuing securities (both equity and debt). 2. The process of issuing insurance policies. officer of General Re Corp. Dr. Peter Luetke-Bornefeld, currently executive vice president of General Re Corp. and chairman of the board of executive directors of Cologne Re, will become vice chairman of General Re Corp. Hans-Peter Gerhardt, executive vice president of General Re Corp., will become vice chairman of Cologne Re. J. Daniel Hickey, executive vice president of General Reinsurance Corp., will become president of North American treaty reinsurance. |
|
||||||||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion