NU Online News Service, Feb. 12, 2004, 11:58 a.m. EST – Mike Cefole is taking over from Charles Shabunia as capital management director at Hartford Life Inc., Simsbury, Conn.[@@]

Hartford Financial Services Group Inc., Hartford, says Shabunia will be retiring April 1 after spending 27 years at Hartford.

Cefole, who has been the Hartford Life unit’s executive operations director, now will be responsible for managing Hartford Life’s capital and working with independent financial rating agencies.

Cefole has a bachelor’s degree in accounting from the University of Hartford. He is a certified public accountant.