Baldwin & Lyons Announces Resignation of Mr. Steven Shapiro, Executive Chairman and Board of Directors Member
BALDWIN & LYONS (BWINA)
US:NASDAQ Investor Relations:
baldwinhardware.com
Company Research
Source: GlobeNewswire
CARMEL, Ind., June 11, 2018 (GLOBE NEWSWIRE) -- Baldwin & Lyons, Inc. (NASDAQ:BWINA) (NASDAQ:BWINB), a specialty property-casualty holding company in the transportation and workers’ compensation insurance industries, announced today that Mr. Steven Shapiro has resigned his position as Executive Chairman and as a member of the Board of Directors, effective June 5, 2018. “The role of Executive Chairman was established in late 2015 during a period of management transition to help develop a long term strategic plan for the Company,” said Randy Birchfield, Chief Executive Officer of Baldwin & Lyons, Inc. He went on to say, “Over the last two years, the management team has successfully created and is executing a plan to grow the business and increase shareholder value. Consequently, the Board has decided to retire the Executive Chairman position and establish a more traditional corporate governance structure. The Board and I wish to thank Steve for providing his time, effort and guidan
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