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XL Capital CEO O'Hara, Chairman Esposito to retire


Published : Tue, 23 Oct 2007 22:02
By : Agencies
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NEW YORK (Thomson Financial) - XL Capital Ltd. said its president and chief executive, Brian O'Hara, has decided to retire in mid-2008, after 20 years with the company.

The Hamilton, Bermuda insurance company said its chairman, Michael Esposito, will retire after the company appoints a CEO to succeed O'Hara.

After O'Hara retires as CEO, the company expects him to serve as Chairman during the final year of his board term, which expires in 2009.

The stock closed Tuesday at $74.53.

Tomi Kilgore

tk1

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Copyright Thomson Financial News Limited 2007. All rights reserved.

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