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Kemper sets succession plan for Chief Executive, Chairman. (Executives).

Kemper Insurance Cos. announced that its board has elected William D. Smith chief executive officer effective Jan. 1, 2003, succeeding David B. Mathis, who plans to retire in April 2003.

Mathis will retain the title of chairman until his retirement, at which time Smith will assume the role of chairman. Smith also will continue his responsibilities as Kemper's president and chief operating officer.

In another action, the board voted to promote William A. Hickey and Patricia A. Drago to executive vice presidents.

Hickey will oversee financial operations for both Lumbermens Mutual Casualty Co., the flagship operation of Kemper Insurance Cos., and Kemper Insurance Group Inc., the new stock subsidiary that was created to facilitate an investment from Berkshire Hathaway Inc. Hickey will continue to lead Kemper's capital-development group.

Drago will continue to lead Kemper's client services group, which includes claim, litigation, loss control engineering, and medical and disability management services.
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Title Annotation:William D. Smith will succeed David B. Mathis
Comment:Kemper sets succession plan for Chief Executive, Chairman. (Executives).(William D. Smith will succeed David B. Mathis)(Brief Article)
Publication:Best's Review
Article Type:Brief Article
Geographic Code:1USA
Date:Jul 1, 2002
Words:150
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