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Financial Planning > Behavioral Finance

Phoenix Gets 2 New Board Members

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The board of Phoenix Companies Inc. has made good on a promise to appoint Augustus Oliver and Arthur Weinbach to be directors.

In April, the board of Phoenix, Hartford, ended a proxy battle by agreeing to admit Oliver, a principal at Oliver Press Partners L.L.C., New York, and Weinbach, chairman of a company that sells support services to financial services companies.

Members of the Phoenix board also have approved a 16-cents-per-share annual dividend, and they have re-elected 5 directors who already sit on the board, the company says.

With the additions of Oliver and Weinbach, the Phoenix board now has 15 members.


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