Loews President & CEO James Tisch To Retire As Of Dec 31,2024; Board Elects Benjamin Tisch As President & CEO
Portfolio Pulse from Benzinga Newsdesk
Loews Corporation (NYSE:L) announced that President & CEO James Tisch will retire on December 31, 2024, and will be succeeded by Benjamin Tisch. James Tisch will become Chairman of the Board, and Benjamin Tisch and Alexander Tisch will join the Board. Andrew Tisch and Jonathan Tisch will transition to Directors Emeriti.
July 29, 2024 | 10:03 am
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Loews Corporation announced a leadership transition plan where James Tisch will retire as President & CEO on December 31, 2024, and will be succeeded by Benjamin Tisch. This planned transition may provide stability and continuity for the company.
The planned leadership transition at Loews Corporation is designed to ensure stability and continuity. While such changes can sometimes lead to uncertainty, the fact that it is a planned and internal succession may mitigate potential negative impacts on the stock price.
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