Puts BolinderNext in Line
SCHAUMBURG, Ill. - Zurich-American Insurance Group announced a top management change that appears to clear the way for William H. Bolinder to take over as chief executive at the end of next year.
Zurich said its parent, Zurich Insurance Co. of Zurich, Switzerland appointed Rolf Hueppi deputy chief operating officer in charge of worldwide operations, effective Jan. 1. He will assume the position of chief operating officer at the end of next year, succeeding Heinz Portmann, who plans to retire then.
Mr. Hueppi is Zurich's senior executive vice president and Zurich- American's chief executive.
A Zurich-American spokesman described as a logical assumption" that Mr. Hueppi will relocate to Zurich at the end of next year, leaving the chief executive post open to a successor. The spokesman stressed that no decisions have been made about a successor or, in fact, whether an appointment will be necessary. But he again said a logical assumption" is that Mr. Bolinder will take over.
Mr. Bolinder, 43, joined Zurich-American in October as president and chief operating officer after serving as executive vice president of international and special markets operations for Continental Insurance, the New York unit of Continental Corp. Since then, he has shared with Mr. Hueppi general management responsibilities for Zurich-American.
Mr. Hueppi, 43, was manager of Zurich's U.S. branch and chief executive of Zurich-American for the past three years . He is also one of Zurich's seven senior managers governing the company's worldwide operations. U.S. operations represent about 25 percent of Zurich's worldwide business, which is expected to reach $6.5 billion of gross written premiums this year. The U.S. operations include Zurich-American; Universal Underwriters Insurance Group, Kansas City, Mo.; Empire Insurance Group, Omaha, Neb.; and Zurich Reinsurance Co., New York.
- C.A. Carpenter
SONAT INC. (Birmingham, Ala.) - William C. O'Malley, executive vice president, was elected a director, effective Jan. 1, 1987, increasing the number of board members to 14.
Mr. O'Malley will also be chairman of Sonat Exploration Co. and Teleco Oilfield Services Inc. and will have corporate-level responsibility for both Sonat subsidiaries.
Mr. O'Malley joined Sonat Offshore Drilling, a Sonat subsidiary in Houston, in 1982 as executive vice president.
Sonat Inc. is engaged in oil and natural gas exploration and production, oil field services and transportation of energy products.
Sonat Offshore Drilling is an international offshore contract drilling company. Sonat Exploration explores for and produces oil and natural gas in the Gulf of Mexico and onshore in the United States. Teleco Oilfield Services, Meriden, Conn., provides measurement-while-drilling directional and formation evaluation services in oil field locations worldwide.
SOO LINE CORP. (Minneapolis) - Joe D. Darling was named executive vice president, lake states transportation division. He was assistant vice president, planning.
James F. Johnson was named senior vice president, corporate. He was senior vice president, lake states. He will be responsible for coordination of special projects that cross corporate organizational boundaries.
Robert J. Seeley was named general manager, terminal operations. He was division superintendent for Burlington Northern Railroad in Portland, Ore.
Gordon A. Jonasson was named general manager, operations control. He was acting general manager, transportation.
SOUTHERN PACIFIC TRANSPORTATION CO. (San Francisco) - Raymond Mesick was named vice president, real estate, replacing Stanley Sutfin, who retired. Mr. Mesick was vice president, property management services, of Santa Fe Pacific Realty Corp.
MAHER TERMINALS INC. (Jersey City, N.J.) - William Augustinus was named executive vice president, commercial development, Roger E. Nortillo, executive vice president, corporate development, John F. Kearns Jr., senior vice president, risk management, and Basil Maher, senior vice president, operations. They fill new positions. Mr. Augustinus and Mr. Nortillo were senior vice presidents and Mr. Kearns and Mr. Maher vice presidents. Maher operates container and breakbulk terminals in New York harbor and has subsidiaries in Baltimore and Philadelphia.
Wells Fargo Officer
To Head Farm Banks
OMAHA, Neb. - A senior officer with the San Francisco-based Wells Fargo Bank was named president and chief executive officer of the financially troubled Farm Credit Banks of Omaha.
James D. Kirk will assume this position effective Jan. 1. He is senior vice president of Wells Fargo's agricultural real estate management department. He succeeds Gene College, who was interim president since the resignation of John A. Harling as president in September.
Farm Credit Banks of Omaha - serving farmers and ranchers in Iowa, Nebraska, South Dakota and Wyoming - has gone through a series of job cutbacks and deep financial losses the past two years. This year's third-quarter loss was $81.8 million. Through nine months this year, the Omaha banks lost $276.1 million.
Much of the nation's Farm Credit System has experienced financial difficulties. The Omaha system is considered among the most troubled in the system.
PUBLIC SERVICE ELECTRIC & GAS CO. (Newark, N.J.) - Francis J. Riepl was elected vice president and treasurer effective March 1. He will succeed Wallace A. Maginn, who is retiring after 15 years in the post.
Mr. Riepl is general manager, systems, information systems department.
PSE&G is New Jersey's largest electric and natural gas utility.
CAPITAL GUARANTY CORP. (San Francisco) - Nancy J. McGee joined the Capital Guaranty Co. financial guarantee insurance underwriting operation of this insurance holding firm as vice president and treasurer. She was assistant vice president and assistant treasurer at Fireman's Fund Corp., Novato, Calif.
Also, Nancy Bibbero Cherney was named general counsel of the underwriting operation and Roy N. Nahas was named vice president, municipal guarantees. Ms. Cherney was general counsel of Financial, a unit of USF&G Corp. of Baltimore, is the predecessor to Capital Guaranty.
MUTUAL OF OMAHA COS. (Omaha, Neb.) - Edward L. Felchner joined the Omaha Property and Casualty Insurance Co. affiliate as vice president of underwriting. He was a vice president at Millers National - Illinois Group of insurers in Chicago.
WILLIAM PENN LIFE INSURANCE CO. (New York) - Brian M. Donnelly was named vice president and general counsel, a new position, at this company and its affiliate, William Penn Life Assurance Co. of America. Mr. Donnelly will be responsible for legal matters and will serve as corporate secretary. He was assistant vice president and counsel.
William Penn Life Insurance and William Penn Life Assurance, producers of life and annuity products, are units of New York-based, Continental Insurance.
X.L. INSURANCE CO. LTD. (Bridgetown, Barbados) - Ian R. Heap was named chairman and chief executive, effective Jan. 1. He was executive vice president, insurance operations, at Crum & Forster Corp., the Xerox Corp. affiliate.
UPJOHN CO. (Kalamazoo, Mich.) - Daniel D. Witcher, senior vice president, worldwide human health businesses, and Mark Novitch, M.D., senior vice president, scientific administration, were named members of the board.
SKYWAY FREIGHT SYSTEMS INC. (Santa Cruz, Calif.) - Richard T. Tully was named night operations manager. He was operations manager for Southern Oregon Timber Co.
Skyway Freight is a transportation company providing air freight and truck services