Photo | Courtesy of Hanover Insurance Group
Cynthia Egan
February 25, 2020
Investment expert to be first woman to lead Hanover board
Cynthia Egan has been elected as the vice chair of The Hanover Insurance Group’s board with the expectation she will step into the board chair role for the Worcester company in 2021.
When Egan assumes that chair role, she will become the first woman to lead the board of the directors in the 168-year history of the company, said Hanover spokesman Michael Buckley.
Egan has served on the board since 2015 and is expected to step into the chair role following the mandatory retirement of current board chair Kevin Condron, in accordance with board policy.
Egan was president of retirement plan services for T. Rowe Price Group of Maryland from 2007 until her retirement in 2012. Before joining T. Rowe Price, she held senior positions with Fidelity Investments in Boston from 1989 to 2007. Egan is a director of Unum Corp. of Tennessee and the BlackRock Fixed Income Funds Complex, as well as chair of the board of visitors of the University of Maryland School of Medicine.
Hanover Insurance also announced Martin Hughes has been elected to the board. Hughes has more than 40 years of experience in the insurance brokerage industry. He now serves as non-executive board chair of Chicago insurance brokerage HUB International.
Hanover also announced Michael Price will resign from the board for personal reasons, effective at the company's annual meeting on May 12.
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