The Phoenix Companies, a provider of life insurance, annuities and investment products, has announced the promotion of Peter Hofmann to senior executive vice president and CFO, effective November 23, 2007.
He will continue to report to Dona Young, chairman, president and CEO. Mr Hofmann replaces Michael Haylon who has resigned from the company.
Mr Hofmann will continue to be responsible for strategic planning, investor relations and rating agency relations. He joined Phoenix six years ago to establish the investor relations function and prepare the company for its demutualization and initial public offering. Prior to Phoenix, he was vice president, investor relations at JP Morgan Chase after managing financial communications at JP Morgan prior to its merger with Chase Manhattan.
The company also announced that it had promoted David Pellerin to senior vice president and chief accounting officer, reporting to Mr Hofmann.
Mr Pellerin joined Phoenix in 1983 and over his almost 25-year career with the company has held numerous senior financial roles, including vice president, corporate finance, and vice president and CFO of American Phoenix, a wholly owned property casualty brokerage subsidiary. For several years he managed the runoff of Phoenix’s discontinued group accident, health reinsurance and international operations. He was named CFO of the company’s asset management business in 2006.