Kemper Claims Joseph Lacher as Its New CEO
Property and casualty insurance company Kemper Corp. appointed Joseph Lacher as its new president and CEO. Lacher was previously with insurance giant Allstate as president of business unit Allstate Protection; he also spent 18 years with Travelers Companies as EVP of personal lines and select accounts and in other management roles. In addition to its new CEO, Kemper also named Robert Joyce as its new chairman. Lacher and Joyce succeeded former chairman, president, and CEO Donald Southwell, who stepped down this month and is expected to retire when he turns 65 in May 2016.
Alcoa Mines Existing Executives to Lead Its Post-Separated Organization
Next year aluminum products manufacturing giant Alcoa will split into two new publicly traded companies, Upstream and Value-Add. The current EVP and Alcoa president of global primary products, Roy Harvey, was appointed CEO of the Upstream company, while EVP and CFO William Oplinger will become CFO of Upstream. Klaus Kleinfeld, Alcoa’s chairman and CEO, will become chairman and CEO of the Value-Add company and chairman of Upstream. The CFO of Alcoa’s Engineered Products and Solutions, Ken Giacobbe, will serve as Value-Add’s CFO. The separation of the 127-year-old company, expected to be finalized in the second half of 2016, will organize Upstream into five business units managing 64 facilities that produce bauxite, alumina, and aluminum products. Value-Add will consist of 157 operating locations producing multimaterial products for aerospace and other companies.
Intel Engineers New Group, Appoints President
Semiconductor company Intel named Venkata “Murthy” Renduchintala as president of its newly formed Client and Internet of Things (IoT) Businesses and Systems Architecture group. Renduchintala — previously EVP of Qualcomm Technologies and co-president of Qualcomm CDMA Technologies — will oversee the sale of chips for PCs, platform engineering operations, and the IoT business, among other responsibilities.
Look for more Executives on the Move next week!