Tower appoints former Territory Insurance head Richard Harding as new CEO

Thu, 16 Jul 2015

By Paul McBeth July 17 (BusinessDesk) - Tower, the general insurer, has appointed Richard Harding, the former head of Territory Insurance Office in Australia's Northern Territory, as its new chief executive. Harding will replace David Hancock, whose two-year tenure was extended until the end of September to help with the leadership transition. He starts on Aug. 17, in an open contract paying a base salary of $750,000, plus short-term incentives of up to $500,000. Long-term incentives are subject to shareholder approval. “I see signific...

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