New York, NY, March 29, 2011 (GLOBE NEWSWIRE) -- The Navigators Group, Inc. (NASDAQ:NAVG) today announced that Peter A. Cheney will retire from the Board of Directors at the conclusion of his current term in May 2011. The Company also announced that it has nominated Geoffrey E. Johnson to stand for election at the Company’s upcoming Annual Meeting of Stockholders on May 26, 2011.
Mr. Cheney, age 68, has been a director since 2003 and has served as the chairman of the Company’s Finance Committee and as a member of the Audit Committee. Mr. Cheney retired after 19 years with National Re Corporation in 1996, where he held various positions including Executive Vice President, Chief Financial Officer, and Director.
Mr. Johnson, age 63, began his career at Price Waterhouse UK in 1969 where he remained for 29 years, serving major clients of the firm and holding a number of management positions, ultimately becoming Managing Partner of Price Waterhouse Europe. In 1998, he moved to New York to become Global CFO/Operations Leader of the newly merged PricewaterhouseCoopers. Most recently, he served as Chief Executive Officer of L&F Insurance Group, Bermuda from 2002 to 2010 and is currently Chairman of Professional Asset Indemnity Limited, a Bermuda Insurance Company, and Senior Independent Director of Omega Insurance Holdings Limited--a UK-listed, Bermuda resident insurance company with substantial Lloyd’s interests. He is a graduate of Sheffield University (B.A. Economics) and is a Fellow of the Institute of Chartered Accountants in England and Wales."We wish to thank and recognize Peter Cheney for his years of dedicated service," said Stanley A. Galanski, President and Chief Executive Officer. "Peter has been a sage advisor to us for many years and his many contributions will be missed. I am also very pleased to add Geoffrey to our Board of Directors. His financial and leadership experience in both the U.S. and the international insurance markets will be an asset to our growing Company."
Select the service that is right for you!COMPARE ALL SERVICES
Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.
- Real Money + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV