NU Online News Service, June 4, 9:35 a.m. EDT
The Hartford Financial Services Group's chairman and chief executive officer, Ramani Ayer, will retire from the loss-riddled insurer at year's end, his company announced today.
His firm--which qualified last month for $3.4 billion in U.S. bailout cash from the federal government's Troubled Asset Relief Program--said they will begin an immediate, external search to replace the 62-year-old Mr. Ayer, who has been with the company since he graduated college.
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