Eastern Insurance Announces CEO Succession Plans

Eastern Insurance Holdings said founder and CEO Bruce M. Eckert will step down at the end of the year and President and Chief Operating Officer Michael L. Boguski will assume the top executive for the role of president and chief executive officer of the Pennsylvania-based workers’ comp insurer.

Eckert will remain as vice chairman of the company’s board. Boguski was the first employee hired by the Eckert, and the two have worked closely the last 13 years.

“This succession plan has been years in development,” Eckert said. “When we started the company I envisioned and planned for this day. I could not be happier with today’s announcement. Michael has been instrumental in the success of all aspects of EIHI. I am pleased that I was able to lead the Eastern family of companies and that I have helped them achieve this important transition.”

Eastern Insurance has service offices in Pennsylvania, North Carolina, Indiana and Tennessee.

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Source: Eastern Insurance Holdings