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Hartford Financial Awards $2M in Stock to CEO Liam McGee - cbl
By citybizlist Staff
HARTFORD, Conn. -- Hartford Financial Services Group Inc. (NYSE: HIG) has awarded restricted stock worth $3.4 million total to three top executives, including $2 million to Chairman, President and CEO Liam McGee, under the company's stock incentive plan, according to an SEC filing.
Lizabeth Zlatkus, who is executive vice president and chief risk officer, and Christopher Swift, executive vice president and CFO, will be granted stock worth $900,000 and $500,000, respectively.
The Hartford-based financial group also approved up to $200,000 in relocation costs to Gregory McGreevey, executive vice president and chief investment officer. The grant is to cover the loss that McGreevey, who also is president of Hartford Investment Management Co., will incur in the sale of his current home in the Atlanta area.
The stock awards, with values effective July 22, are to be granted on the first day of trading after the company files its quarterly Form 10-Q report, likely Aug. 6. The shares will vest on the third anniversary of the grant date. In the case of Zlatkus, a retirement-eligible employee, the shares will vest pro rata upon retirement.
Form 8-K filing: http://tinyurl.com/2w64yx5
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Bios from Hartford Financial's Web site:
Liam E. McGee
Chairman, President and Chief Executive Officer
Liam E. McGee is Chairman, President and Chief Executive Officer of The Hartford Financial Services Group, one of the world's largest insurance and investment companies.
The Hartford serves individuals, families and businesses with protection and wealth management services across the United States and in select overseas markets.
For 200 years, The Hartford has helped Americans to prepare, plan for, and protect what's most precious to them - the future.
Before coming to The Hartford, McGee served as president of the Consumer and Small Business Bank for Bank of America Corporation. Prior to joining Bank of America in 1990, he held senior positions at Wells Fargo. During a banking career that spans more than three decades, he developed broad leadership experience in consumer banking, corporate and commercial banking, and technology and operations.
Active in civic affairs and education, McGee serves on the board of the Andres H. Bechtler Arts Foundation and has acted as chairman of both the University of San Diego Board of Trustees and the United Way of Greater Los Angeles, and served two terms as a director of the Los Angeles branch of the Federal Reserve Bank of San Francisco.
A native of County Donegal, Ireland, McGee grew up in Southern California and speaks Spanish fluently. He is a graduate of the University of San Diego, with a master's degree in business administration from Pepperdine University and a law degree from Loyola Law School.
Christopher J. Swift
Executive Vice President and Chief Financial Officer
Christopher J. Swift is executive vice president and chief financial officer of The Hartford Financial Services Group, Inc. As the company's CFO, Swift is responsible for finance, treasury, capital, accounting and investor relations. Additionally, Swift is leading the newly formed Strategic Initiatives Office, which is charged with aligning and integrating the company's strategy, capital investment, financial investment and operating plans across the enterprise. He is also a member of the Executive Leadership Team.
Swift joined the company on March 1, 2010 from American Life Insurance Company (ALICO), an operating company of American International Group (AIG), where he was Vice Chairman and CFO.
Swift began his career as an auditor with KPMG focused on financial services. He rose through the ranks at the firm and was eventually appointed head of the Global Insurance Industry Practice. In this capacity, he worked with clients from both the Life and P&C segments. He was responsible for matters ranging from strategic and regulatory to audit, risk, advisory and tax services.
Swift received a bachelor's degree in accounting from Marquette University and earned a certified public accountant designation. He is a member of the International Insurance Society.
Lizabeth H. Zlatkus
Executive Vice President and Chief Risk Officer
Lizabeth H. Zlatkus is executive vice president and chief risk officer of The Hartford Financial Services Group, Inc., a role she assumed in March 2010. She is a member of the Office of the Chairman.
In this capacity, Zlatkus oversees the company's risk management processes and functions.
Zlatkus joined The Hartford in its property and casualty business in 1983 after starting her professional career at Peat Marwick Mitchell & Co. (now KPMG). In the years since, Zlatkus has held many senior leadership roles throughout the company, including president of International Wealth Management and Group Benefits, co-chief operating officer of The Hartford's life operations and most recently, executive vice president and chief financial officer of the company.
Throughout her career, Zlatkus has been recognized for her professional achievements and contributions to the community. Business Insurance magazine named her as one of 100 "Women to Watch" in 2000 and 2006; the Hartford Business Journal named Zlatkus one of its "Eight Remarkable Women" in 2008; Profiles in Diversity Journal named Zlatkus to its Women Worth Watching list in 2008; and the Connecticut Chapter of the Cystic Fibrosis Foundation recognized Zlatkus as its Community Leader of the Year in 2009.
A graduate with distinction, Zlatkus holds a degree from Pennsylvania State University. In 2003, Zlatkus was selected as an alumni fellow and currently serves on the Pennsylvania State University board of visitors.
Greg McGreevey
Executive Vice President, Chief Investment Officer of The Hartford and President of Hartford Investment Management Company
Greg McGreevey is President of Hartford Investment Management Company and Executive Vice President and Chief Investment Officer of The Hartford Financial Services Group, Inc. Additionally, he is the Chief Investment Officer for The Hartford's Insurance business.
Prior to joining Hartford Investment Management, McGreevey served as Vice Chairman and Executive Vice President of ING Investment Management - Americas Region (IIMAR), including business head and CIO for ING's North American proprietary investments and CEO of ING Institutional Markets. In addition, he was a member of an IIMAR's management committee and held a variety of key senior leadership committees, including ING Management Council.
Before joining ING, McGreevey was President and CIO of Laughlin Asset Management and President and Chief Operating Officer of both Laughlin Educational Services and Laughlin Analytics, inc. in Portland , Oregon .
McGreevey holds an undergraduate degree from the University of Portland , an MBA from Portland State University , and is a CFA charterholder.
Posted July 28, 2010