NEW YORK, Nov. 1, 2021 /PRNewswire/ -- Loews
Corporation (NYSE: L) announced today that David B.
Edelson has decided to step down in May 2022 as
Chief Financial Officer, a position he has held since 2014.
Jane Wang, a Vice President at Loews
who joined the company in 2006 will succeed Mr. Edelson as Chief
Financial Officer. Mr. Edelson will stay on
at Loews as Senior Advisor to ensure a seamless
transition.
"It's been a pleasure to work alongside David over the last
16-plus years. He has been an invaluable member of Loews's
senior leadership team, and his sound judgment, strategic acumen
and laser-like attention to detail have served Loews well
throughout his tenure," said James Tisch, President and Chief
Executive Officer of Loews Corporation. "Under David's
thoughtful and steadfast stewardship, there has been
transformational change at Loews that has significantly benefitted
the company and its stakeholders."
"I am honored to have been part of such an exceptional company
and to have had the opportunity to work with such talented and
dedicated colleagues," said Mr. Edelson. "I look forward to
completing my tenure as CFO and assisting Jane as she assumes the
role."
In her current role, Ms. Wang focuses on strategic planning and
corporate development. She is responsible for managing
Loews's capital markets activities, leads the company's Enterprise
Risk Management effort, and interfaces with credit rating
agencies. Additionally, Ms. Wang monitors the performance of
Loews's subsidiaries and is a member of the Board of Directors of
CNA Financial, a publicly traded subsidiary of Loews. She
also sits on the boards of Boardwalk Pipelines and Altium
Packaging. Prior to joining Loews, Ms. Wang worked at Morgan
Stanley in the investment banking division.
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