Tower chairman Falconer steps down as insurer considers offers following review

Wed, 12 Sep 2012

By Jonathan Underhill Sept. 13 (BusinessDesk) – Tower chairman Bill Falconer has stepped down as the insurer considers proposals from other parties following a strategic review aimed at lifting the value of the company. Falconer, who was due to retire in February, will be replaced by director Steve Smith as interim chairman in a move that would “enable a new chairman to implement the initiatives emanating from the strategic review,” the Wellington-based company said in a statement today. Tower “is considering a number of proposals with inter...

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