A northeastern insurer has a new man at the top of its board.
Presidential Life Corp., Nyack, N.Y. (Nasdaq: PLFE) appointed its lead independent director, William Trust, Jr., as a non-executive chairman of the company’s board of directors.
A director of Presidential Life since May 2008, Trust has been spearheading corporate governance initiatives following the resignation of Herbert Kurz as CEO in May 2009. He also has been acting as the primary liaison between the management team and the board of directors.