Westfield Group has appointed James Clay as the new group leader and CEO. Mr Clay currently serves as insurance leader and president. He has served the company for over 30 years in various positions.
The company has selected Edward Largent as the next insurance leader and president. He joined Westfield in 1986. He currently serves as group administration leader and has served in a number of roles including group leader of information technology.
Robert Joyce, chair of Westfield Group has announced plans to retire in March 2012. He will serve as the executive chair of the Westfield board until his retirement.
Westfield said that these three individuals will assume their new duties effective January 1, 2011.
Thomas Workman, chair of the governance and nominating committee at Westfield Group, said: The succession process used by the board is deliberate and complies with recognized best practices. These three individuals, working with the board, will accomplish a smooth transition of leadership.
Westfield employees, customers, agents and the communities served will continue to experience the same trusting, caring relationships that have been the foundation of the company since its formation in 1848.