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Hanover Insurance CEO stepping down


Frederick H. Eppinger will step down as president and CEO of the Hanover Insurance Group Inc., the Worcester, Massachusetts-based insurer announced.

Mr. Eppinger, 56, will continue to serve in his current role until his successor is appointed, then will be available to assist with the transition as needed until June 30, 2016, the company said Tuesday in a statement. The statement added that Hanover's board has started a search for Mr. Eppinger's replacement

“After 12 years of tremendous progress, with the company stronger and better positioned than ever, and with a history of substantial shareholder returns, I have decided that it is time for a new leader to step in and work with our talented management team and all of our talented employees to take our company to the next level,” Mr. Eppinger, who joined Hanover in 2003, said in the statement. “I look forward to new professional opportunities, to spending some extra time with my family, and to pursuing some personal interests.”

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