Loews CFO Peter Keegan To Step Down After 18 Years With The Company
Company's Senior Vice President David Edelson to Succeed Keegan as CFO
NEW YORK, Oct. 8, 2013
NEW YORK, Oct. 8, 2013 /PRNewswire/ -- Loews Corporation (NYSE:L) announced
today that Peter Keegan will retire in May 2014 as Senior Vice President and
Chief Financial Officer, a position he has held since 1997. Mr. Keegan will
stay on at Loews as Senior Advisor.
"Pete and I have worked together closely since he joined the company almost 20
years ago," said James Tisch, President and Chief Executive Officer of Loews
Corporation. "Loews has been very fortunate to have benefited from his
financial expertise, his wisdom, his unflappable demeanor and his extensive
understanding of our businesses – all of which have contributed greatly to our
overall success and the creation of shareholder value."
"I am honored to have been part of such an extraordinary company and to have
had the opportunity to work together with such talented and dedicated
colleagues," said Mr. Keegan. "I look forward to continuing on with Loews in
my new role as Senior Advisor."
David Edelson, a Senior Vice President who joined the company in 2005, will
succeed Mr. Keegan as Chief Financial Officer. In his current role, Mr.
Edelson focuses on strategy, corporate development and investor relations, and
monitors the performance of Loews's subsidiaries. Prior to joining Loews, Mr.
Edelson was with J.P. Morgan Chase & Co., where he served as Executive Vice
President and Corporate Treasurer.
Additionally, Mark Schwartz, Loews's Controller, will become Vice President
and Chief Accounting Officer.
About Loews Corporation:
Loews Corporationis one of the largest diversified companies inthe United
States. Its principal subsidiaries areCNA Financial Corporation(NYSE: CNA),
a 90% owned subsidiary; Diamond Offshore Drilling, Inc.(NYSE: DO), a 50.4%
owned subsidiary;Boardwalk Pipeline Partners, LP(NYSE: BWP), a 53% owned
subsidiary;HighMount Exploration & Production LLC, a wholly owned subsidiary;
and Loews Hotels, a wholly owned subsidiary.
SOURCE Loews Corporation
Contact: Loews Corporation, Mary Skafidas, 212-521-2788, Vice President,
Investor and Public Relations
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