Thomas J. Cusack named President and CEO of the Transamerica Life Companies.SAN FRANCISCO--(BUSINESS WIRE)--June 8, 1995--Thomas J. Cusack has been named chief executive officer of the Transamerica Life Companies, Transamerica Corporation's president 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. , Frank C. Herringer, announced today. Cusack replaces David R. Carpenter, who elected early retirement, as previously announced. Cusack, 39, joined 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 San Francisco San Francisco (săn frănsĭs`kō), city (1990 pop. 723,959), coextensive with San Francisco co., W Calif., on the tip of a peninsula between the Pacific Ocean and San Francisco Bay, which are connected by the strait known as the Golden in 1989 as vice president-corporate development. He was named senior vice president of Transamerica Corporation in 1993, with responsibility for Transamerica Real Estate Tax Service, as well as for corporate development activities (i.e., mergers, acquisitions and divestitures). He is a member of Transamerica Corporation's four-person Senior Executive Committee. Herringer commented: "Tom Cusack is an outstanding executive who brings considerable personal and professional skills to this new assignment. The Transamerica Life Companies constitute our largest operating unit operating unit A type of operating company that engages in transactions with outsiders and that is owned by another business. For example, in 1995 the stockholders of Capital Cities/ABC approved a $19 billion merger with the Walt Disney Company, whereupon and Tom will be a great leader of that entity's strong management team." Cusack will be located at the Transamerica Center in Los Angeles and will report directly to Herringer. In addition to his new role as CEO, Cusack will also become president of the Transamerica Life Companies, and he will continue to be a senior vice president of Transamerica Corporation. John Fibiger, who was previously president of the Transamerica Life Companies, has been named chairman of that operation. Before joining Transamerica, Cusack was manager of business development for General Electric Company and a consultant at McKinsey & Company, the management consulting firm. He is a graduate of the University of Pennsylvania (body, education) University of Pennsylvania - The home of ENIAC and Machiavelli. http://upenn.edu/. Address: Philadelphia, PA, USA. and received his MBA MBA abbr. Master of Business Administration Noun 1. MBA - a master's degree in business Master in Business, Master in Business Administration from the Harvard Business School Harvard Business School, officially named the Harvard Business School: George F. Baker Foundation, and also known as HBS, is one of the graduate schools of Harvard University. . The Transamerica Life Companies comprise seven companies with $29 billion in combined assets and over $3 billion in annual revenues. The companies market life insurance, annuities and other products designed to help customers achieve financial security. Transamerica Corporation, based in San Francisco, is one of the world's largest financial services and life insurance companies with consolidated assets of $43.2 billion at March 31, 1995. CONTACT: Transamerica Corporation Richard J. Olsen, 415/983-4055 (press) or Ronald C. Petrunoff, 415/983-5503 (investment community) |
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