Gen Re, a Berkshire Hathaway Company, announced several planned organizational changes prompted by Gerard Lynch’s announcement that he will be retiring December 31, 2014.
Lynch has been chairman and CEO since founding New England Asset Management (NEAM) in 1984.
Effective immediately, the company’s current president, William Rotatori, was promoted to chief executive officer and Chip Clark was appointed to president. Lynch will remain chairman until his retirement, at which point he will become non-executive chairman.
Source: Gen Re