May 15, 2007
New directors, same accountant for Hanover
By Matthew L. Brown
The Hanover Insurance Group filled three spots on its board of directors and named PricewaterhouseCoopers LLP its independent registered public accounting firm at its annual shareholders meeting at its Worcester headquarters this morning.
Chairman Michael P. Angelini and Neal F. Finnegan were re-elected to three-year terms on the board, and P. Kevin Condron, the CEO of the Granite Group LLC, was elected for the first time.
Leaving the board are Herbert M. Varnum, who retired, and Edward J. Parry III, who resigned.
Condron, a director of TD Banknorth Inc and a trustee at Holy Cross, has lived in Worcester since 1972.
Members of Hanover's board of directors get a combination of cash and company stock that equals about $80,000.
According to its annual report filed with the SEC, the company posted net income of $170 million in 2006 on total revenue of $2.64 billion.
Chairman Michael P. Angelini and Neal F. Finnegan were re-elected to three-year terms on the board, and P. Kevin Condron, the CEO of the Granite Group LLC, was elected for the first time.
Leaving the board are Herbert M. Varnum, who retired, and Edward J. Parry III, who resigned.
Condron, a director of TD Banknorth Inc and a trustee at Holy Cross, has lived in Worcester since 1972.
Members of Hanover's board of directors get a combination of cash and company stock that equals about $80,000.
According to its annual report filed with the SEC, the company posted net income of $170 million in 2006 on total revenue of $2.64 billion.
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