TOWER gets new CEO
David Hancock has been appointed CEO at TOWER. He is, and will remain, a director of TOWER and TOWER Capital.
TOWER chairman Michael Stiassny said that Hancock was the ideal candidate to lead the company as it completes its transition to a focused general insurer.
“David has been a board member since November and therefore has been instrumental in overseeing the successful strategic review process that has resulted in the sale of TOWER’s Health, Investments and Life businesses. He has the requisite knowledge and understanding of the business and will provide invaluable leadership as the company enters an exciting new phase,” Stiassny said.
Current Group Managing Director, Rob Flannagan announced his resignation in March and has now resigned from the board. However, he will remain with TOWER for a short period to effect a smooth transition to Hancock’s leadership.
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