This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Enstar Group Limited Announces Management Changes

HAMILTON, Bermuda, Aug. 20, 2010 (GLOBE NEWSWIRE) -- Enstar Group Limited (Nasdaq:ESGR) announced today that John J. Oros has resigned from his position as Executive Chairman and as a member of the Board of Directors to assume expanding responsibilities at J.C. Flowers & Co. LLC. Enstar's Board of Directors has appointed Dominic F. Silvester to serve as the new Chairman. Mr. Silvester is a co-founder of Castlewood Holdings Limited, which merged with The Enstar Group, Inc. in 2007. He has served as Enstar's Chief Executive Officer since the merger and, prior to that, was the Chief Executive Officer of Castlewood.

Mr. Oros said: "I have been delighted by my years of association with Enstar, but as the company has grown and my responsibilities outside of Enstar have increased, it makes sense for me to focus my time and energy elsewhere." Mr. Silvester said: "John is an able executive and we have benefited greatly from his services over the years. He will be missed, but I am excited about the prospect of leading Enstar as its Chairman and Chief Executive Officer and I have tremendous confidence in the rest of Enstar's senior management team to help me achieve our goals."

In addition, Enstar announced that Gregory L. Curl has resigned from the Board of Directors to take a position as President of Temasek Holdings in Singapore. Mr. Silvester said: "Greg has been a valuable contributor to the Enstar board since the merger in 2007, and prior to that for four years at The Enstar Group, Inc. We wish him tremendous success in his new position."

In connection with Mr. Oros's resignation, Enstar and Mr. Oros entered into a separation agreement that settled all of Enstar's obligations under Mr. Oros's existing employment agreement. Mr. Oros has also resigned from the various positions he held with Enstar's subsidiaries.   

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
ESGR $150.69 0.00%
AAPL $118.03 0.00%
FB $105.41 0.00%
GOOG $748.15 0.00%
TSLA $229.64 0.00%


Chart of I:DJI
DOW 17,813.39 +1.20 0.01%
S&P 500 2,088.87 -0.27 -0.01%
NASDAQ 5,116.1430 +13.3350 0.26%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs