Hanover director resigning from company board
Sam Bonacci
The Hanover Insurance Group is headquartered in Worcester.
One of the 10 board members in charge of The Hanover Insurance Group in Worcester will resign in May when her term expires because of a busy schedule, according to a filing from the company.
The Hanover reported to the U.S. Securities & Exchange Commission on Thursday afternoon that Karen Francis will not seek re-election to the company’s board of directors. In her notification letter dated Dec. 18, Francis said she was stepping down due to her increasing commitments to business activities in the automotive industry, including being on three other companies’ boards of directors.
As Hanover director, Francis played a role in the hiring of President & CEO Joseph Zubretsky to replace long-time CEO Fred Eppinger. She also served on the Hanover’s compensation committee.
Francis, 54, is executive chairman of California technology marketing firm AcademixDirect, Inc., where she previously served as CEO. She formerly worked for Ford Motor Co. and General Motors.
The Hanover did not disclose in its filing when the position would be filled, although presumably a new member would be elected to the board in May.
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