|By John Reid Blackwell, Richmond Times-Dispatch, Va.|
|McClatchy-Tribune Information Services|
The appointment of
McInerney, 56, will take over as president and CEO on
"We are very pleased to have someone with
Shares in the Fortune 500 company, which fell precipitously during the recession, have inched upward since late October, when company leaders announced a strategic plan that is expected to include the sale of some business units.
McInerney has a long history in financial services,
Most recently, he served as an adviser to
Before that, he served as CEO of ING Americas, overseeing insurance, pension and investment management businesses in
"The choice of McInerney was a solid one for
McInerney joins the company as
Instead, the company in late October outlined plans that could include a sale of its international protection and wealth-management businesses over the next two to three years.
Klein will return full-time to his role as chief financial officer. Riepe will continue to serve as the company's non-executive board chairman.
(c)2012 Richmond Times-Dispatch (Richmond, Va.)
Visit the Richmond Times-Dispatch (Richmond, Va.) at www.timesdispatch.com
Distributed by MCT Information Services