Property insurer FM Global taps Thomas Lawson as next CEO
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FM Global Executive Vice President Thomas A. Lawson will succeed Shivan S. Subramaniam as CEO, effective Jan. 1, 2015, the Johnston, Rhode Island-based insurer announced Thursday.
Mr. Lawson also has been appointed president and elected to the board of directors, effective Aug. 1. He joined the property insurance company in 1979 and was appointed in 2009 to his current position.
Mr. Subramaniam will retire on Dec. 31, 2014, after 40 years with the company and will remain chairman of FM Global's board of directors. He has served as CEO since 1999.
In addition, Executive Vice President Jonathan W. Hall, who joined FM Global in 1980, has been named chief operating officer, effective Aug. 1.
“I have worked with Tom and Jon for nearly 16 years and have the utmost respect for the countless contributions they have made to help our policyholder-owners be more resilient,” said Mr. Subramaniam in a statement announcing the transition. “Their vast experience, leadership and deep understanding of our clients' complex needs, combined with FM Global's timeless business model, will ensure the continued success we share with our policyholders.”
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