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August 2, 2006

Beacon Mutual hires firm to help find new CEO

PROVIDENCE -- The Beacon Mutual Insurance Co. board of directors has hired an outside company to conduct a nationwide search for a new chief executive officer, according to an announcement released today.

The executive search firm Witt/Kieffer is charged with finding a new leader for the state's largest workers' compensation insurer.

The former CEO, Joseph Solomon, was fired earlier in the year after a report surfaced that exposed, among other things, how Solomon had granite countertops installed in the kitchen of his East Greenwich house -- at a cost of $10,000 -- by a company that received undocumented breaks on its workers' compensation insurance.

"We would like to have a new CEO engaged by the end of the year but this process will not be driven by a deadline," Carl Hayes, Beacon board chairman, said in a statement. "Our goal is to get the best candidate for the job with the requisite skill set to manage the Beacon in an effective, transparent and productive manner."

-- Projo.com staff writer Steve Peoples

Posted by Steve Peoples  at 12:42 PM | Permalink

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