Schiro to succeed Hueppi at ZFS

ZURICH, Switzerland--James Schiro has been named chief executive officer of Zurich Financial Services Group, replacing Rolf Hueppi, who is stepping down.

Mr. Schiro, who is chief operating officer-finance of Zurich, Switzerland-based ZFS, will assume the CEO post on May 17.

ZFS announced last month that Mr. Hueppi would leave his posts as chief executive officer and chairman of the board by mid-2002.

Mr. Hueppi, who has been CEO of ZFS since 1991 and chairman since 1995, has come under increasing investor pressure as ZFS' profits and share price have flagged.

Mr. Schiro joined ZFS in March 2002. Prior to that, he was CEO of PricewaterhouseCoopers L.L.P.