NEW YORK, Oct. 21, 2021 /PRNewswire/ -- Loews
Corporation (NYSE: L) announced today that Andrew H.
Tisch will retire from the Office of the President at the end of
this calendar year. Mr. Tisch will continue to serve on the
Loews board as Co-Chairman and Chairman of the Executive
Committee. Mr. Tisch will also remain on the board of CNA
Financial.
"I've been privileged to be able to work alongside so many
talented and dedicated individuals throughout my career, especially
my brother and cousin," said Andrew
Tisch. "At the end of this December, I will relinquish
my executive responsibilities and step away from the Office of the
President. Loews Corporation is in great shape and the time
is right."
Mr. Tisch first started working for Loews in 1971 and has worked
for the company ever since. During his tenure, Mr.
Tisch has been actively involved in the financial management and
corporate development of the company and provided strategic counsel
for major capital decisions. He has led many of the company's
subsidiaries and functional areas.
James S. Tisch, President and
Chief Executive Officer of Loews Corporation said, "My cousin
Jon Tisch and I could not have asked
for a better partner than Andrew, who has served Loews with
complete dedication for the last 50 years. We are fortunate
to have been the beneficiaries of Andrew's wisdom and expertise and
are grateful that he will continue to serve on the boards of Loews
and CNA."
"Andrew's deep knowledge as a hotelier has contributed
immeasurably to the growth and success of Loews Hotels & Co,"
said Jonathan M. Tisch, Chairman and
CEO, Loews Hotels & Co and Co-Chairman of the board, Loews
Corporation. "Andrew has embodied Loews's culture and values
by emphasizing integrity and teamwork, and fostering open
communication, collaboration and respect throughout the
organization."
Mr. Tisch is and will remain active in a number of educational,
civic and political organizations. He has been a strong voice for a
better government, and he intends to remain actively engaged in
seeking solutions.
About Loews Corporation
Loews Corporation is a diversified company with businesses in
the insurance, energy, hospitality and packaging industries.
For more information, please visit www.loews.com.
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SOURCE Loews Corporation