NU Online News Service, Oct. 3, 6:45 p.m. – Conseco Inc., Carmel, Ind., says Gary Wendt will step down as chief executive officer but remain chairman.
Bill Shea, the company’s president and chief operating officer, will continue to be president, chief operating officer and chairman of a management-level restructuring committee, Conseco says.
“As previously announced, discussions between Conseco Inc. and its constituents continue toward what Conseco hopes to be a consensual restructuring,” Conseco says in a statement about the management change.
In the statement, Wendt describes the change as being “part of a natural evolution.”