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SAN FRANCISCO--California's State Compensation Insurance Fund has named Lawrence E. Mulryan its interim president following the abrupt firing of its president, James C. Tudor, the fund's board of directors said Wednesday.
"At approximately 4 p.m. Tuesday, March 20, the State Compensation Insurance Fund Board of Directors terminated the appointments of the organization's president, James Tudor and its vice president, Renee Koren," Jeanne Cain, board chair of the fund, said in a statement. "In response, Tudor and Koren resigned."
Ms. Cain went on to say that the board took the personnel action after receiving the results of an internal review commissioned by the board.
"Those results convinced the board that a leadership change was in the best interest of the organization and, most importantly, State Fund's policyholders," Ms. Cain said, noting that because the matter is a personnel action "we can provide very few details about what has transpired."
Mr. Tudor was named president of San Francisco-based SCIF, which is California's largest workers compensation insurer, last September following an extensive four-month national search. He spent more than 35 years with the state agency serving as its acting president for the 18 months prior to being given the permanent position.
In a separate statement, SCIF said it named Mr. Mulryan, former executive director of the California Insurance Guarantee Assn., as Mr. Tudor's interim replacement.
"Lawrence has more than 30 years of experience within the industry's legal and regulatory arenas and is widely considered one of California's premier insurance experts," Ms. Cain said. "State Fund will benefit tremendously from his leadership, knowledge and integrity."