May 17, 2016 – Heidrick & Struggles has recruited Joseph M. Zubretsky as president and chief executive officer of The Hanover Insurance Group, Inc. He succeeds Frederick H. Eppinger, who announced his intention to retire.
Mr. Zubretsky is an accomplished leader with more than 35 years of experience in the insurance and financial services industries. He joins The Hanover after almost nine years at Aetna, where he served most recently as CEO at Healthagen Holdings, a group of healthcare services and information technology companies, and a member of Aetna’s executive committee. Prior to that, he was senior executive vice president leading National Businesses, a $10 billion Aetna flagship concern that provides health solutions to multinational companies. He also served as Aetna’s executive vice president and chief financial officer.
He joined Aetna from Unum Group, where he was senior executive vice president, responsible for the company’s finance, investments, marketing, strategy and risk operations, from 2005 to 2007. Previously, he was a partner at the global private equity firm of Brera Capital Partners and EVP of business development and CFO at MassMutual Financial Group.
“We are thrilled to welcome Joe to The Hanover,” said Michael P. Angelini, chairman of The Hanover’s board of directors. “He brings broad insurance experience, a deep understanding of the independent agency distribution channel, a strategic orientation, risk management expertise, and an impressive record of building market-leading companies. Our board is confident that he is uniquely qualified to work with our exceptional leadership team to continue our company’s success and expand our business. We have every expectation that Joe and our team will take our company to the next level.”
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“I am excited to have the opportunity to join this great company,” said Mr. Zubretsky. “I have tremendous respect for the organization, its values and its talented employees. I look forward to working with the outstanding team at The Hanover, to build on the company’s excellent market position, deliver high-quality insurance solutions, strong and sustainable profitable growth, and superior value for our shareholders and all of our other stakeholders.”
The Hanover Insurance Group, based in Worcester, MA, is the holding company for several property and casualty insurance companies, which together constitute one of the largest insurance businesses in the U.S. For more than 160 years, The Hanover has provided a wide range of property and casualty products and services to individuals, families, and businesses.
Part of Heidrick & Struggles’ financial services practice, the firm’s insurance team has worked with companies of all sizes, at all stages of the corporate life cycle, as well as all forms of ownership – from privately held to mutually owned and publicly traded companies.
Heidrick has recently filled a number of high profile CEO appointments for client companies. Here’s the latest roundup from the Hunt Scanlon Media archives:
Contributed by Dale M. Zupsansky, Managing Editor, Hunt Scanlon Media