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Cefole To Manage Capital At Hartford Life

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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.

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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.