Phoenix promotes Hofmann to senior executive vice president and CFO
"Peter assumes responsibility for an efficient, well-run Corporate Finance function, led by Mike Haylon over the last four years, and I have confidence that Peter will continue to strengthen it even further," said Mrs. Young. "Peter has a unique depth of market, financial and industry knowledge and capabilities. He knows our numbers, our business and our strategy, which makes him a natural for this important and strategic position."
Mr. Hofmann, 48, will continue to be responsible for strategic planning, investor relations and rating agency relations. He joined Phoenix six years ago to establish the investor relations function and prepare the company for its demutualization and initial public offering. Prior to Phoenix, he was vice president, Investor Relations at JP Morgan Chase & Co. Inc. after managing financial communications at JP Morgan & Co. prior to its merger with Chase Manhattan. Earlier he was vice president, Global Bank Marketing at Chemical Banking Corporation and a senior analyst at Tocqueville Asset Management. He holds a bachelor of arts degree from Syracuse University and a master's of international affairs from Columbia University. He is a chartered financial analyst.
The company also announced that it had promoted David R. Pellerin to senior vice president and chief accounting officer, reporting to Mr. Hofmann.
Mr. Pellerin, 48, joined Phoenix in 1983 and over his almost 25-year career with the company has held numerous senior financial roles, including vice president, Corporate Finance, and vice president and chief financial officer of American Phoenix, a wholly owned property casualty brokerage subsidiary. For several years he managed the runoff of Phoenix's discontinued group accident, health reinsurance and international operations. He was named chief financial officer of the company's Asset Management business in 2006. Mr. Pellerin is a certified public accountant and holds a bachelor of science degree in business administration with a major in accounting from Bryant College.
"Clearly, today's announcement reflects the importance we place on developing our talent as well as our disciplined succession planning. Peter and Dave make an extraordinarily talented team," said Mrs. Young.
WBJ Web Partners
Most Recent
Most Recent
0 Comments