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Conseco Hires Former BankBoston CFO As President

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NU Online News Service, Sept. 25, 10:22 a.m. – Conseco Inc., Indianapolis, has hired William Shea, a former chief financial officer of BankBoston Corp., Boston, as president and chief operating officer.

Shea will be replacing Tom Kilian. Kilian will become president of a new Conseco Life and Retirement Services unit, Conseco says.

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Shea was CFO at BankBoston, one of the biggest banks in the United States, from 1993 to 1998. Since then, he has served as a turnaround specialist at View Tech Inc., Camarillo, Calif., a videoconferencing company, and Demoulas Supermarkets Inc., Tewksbury, Mass., a grocery chain hurt by a court battle between the heirs of the founders.

Shea has also worked as a consultant in the Boston office of Coopers & Lybrand.