National Financial Partners (NFP) CEO Bibliowicz Stepping Down; Successor Named
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National Financial Partners Corp. (NYSE: NFP), a leading provider of benefits, insurance and wealth management services, today announced that it has begun to implement a management succession plan.
Jessica M. Bibliowicz, Chairman and Chief Executive Officer, has informed the NFP Board of Directors that she is stepping down as President, effective immediately, and intends to step down as CEO at the end of the first quarter in 2013. The Board has asked her to become the non-executive Chairman at such time. Ms. Bibliowicz has served as NFP's President and CEO since joining the Company in April 1999. She has also served as a director since June 1999 and as Chairman since June 2003.
Douglas W. Hammond, currently Chief Operating Officer, has been named NFP's President, effective immediately. He will continue to serve as Chief Operating Officer and is expected to become CEO in April 2013.
Jessica M. Bibliowicz, Chairman and Chief Executive Officer, has informed the NFP Board of Directors that she is stepping down as President, effective immediately, and intends to step down as CEO at the end of the first quarter in 2013. The Board has asked her to become the non-executive Chairman at such time. Ms. Bibliowicz has served as NFP's President and CEO since joining the Company in April 1999. She has also served as a director since June 1999 and as Chairman since June 2003.
Douglas W. Hammond, currently Chief Operating Officer, has been named NFP's President, effective immediately. He will continue to serve as Chief Operating Officer and is expected to become CEO in April 2013.
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