NU Online News Service, Nov. 17, 11:21 a.m. EST

Canal Insurance Company, a commercial truck carrier, announced that John Pollock has been elected the new president and chief executive officer to replace retiring CEO Charles M. "Chuck" Timmons, Jr.

Mr. Pollock, a current Canal Board member, will also serve as president and CEO of the subsidiary, Canal Indemnity Company, the firm said.

Mr. Pollock served previously as the president and CEO of Winterthur U.S. Holdings from 2003 to 2007. Before that, beginning in 1988, he was president of General Casualty Insurance.

Mr. Timmons joined the Greenville, S.C.-based family business founded by his grandfather William R. Timmons Sr., after graduating college. He served with the company for 37 years.

"With the outstanding people, technologies and processes that we have put in place over the last few years, Canal is in a great position for increased growth in the future," Mr. Timmons said in a statement

Canal reports it has over $500 million in policyholder surplus, is active in 46 states, and employs 225 people.

Lansing Crane, Canal chairman, said the Timmons family, Canal's customers and all the Canal employees owed their retiring CEO "a great debt of gratitude to him for his many years of service and contribution to Canal's success."

Mr. Timmons will remain on the Canal board.

Special Reports /

Timmons To Retire, Pollock Named Canal CEO

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