Last night, XL Capital in Bermuda announced that its president and chief executive officer, Brian O'Hara, will retire from those positions in the middle of next year, after 20 years with the company.
XL said Mr. O'Hara informed the board of directors of his decision, prompting the board to implement a succession plan--authorizing a succession committee to lead the new CEO selection process.
In addition, board Chairman Michael Esposito Jr. advised the board he also will retire from the board upon the appointment of Mr. O'Hara's successor.
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