Hancock named Tower CEO

Insurance firm Tower Ltd has named director David Hancock as its new chief executive officer, replacing Rob Flannagan who resigned from the general insurer in March.

Insurance firm Tower Ltd has named director David Hancock as its new chief executive officer, replacing Rob Flannagan who resigned from the general insurer in March.

Mr Hancock, who is a director of Tower Ltd and Tower Capital Ltd starts in the new role today for a two-year term, chairman Michael Stiassny said.

Shares in Tower last traded at $NZ1.95, having gained 23% in the past year.

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