WORCESTER

Cynthia Egan elected vice chair of Hanover board

Telegram & Gazette Staff
Cynthia Egan

WORCESTER — The Hanover Insurance Group announced Tuesday that Cynthia L. Egan has been elected vice chair of the company's board of directors and Martin P. Hughes has been elected to the board.

Egan was elected vice chair with the expectation she will become board chair in May 2021, following the mandatory retirement of current board chair P. Kevin Condron, in accordance with board policy.

"Cynthia has served our board and our company with distinction since 2015," said Condron. "Her election as vice chair is a reflection of the confidence our board has in her and is intended to ensure a smooth and orderly transition to a new independent chair."

Egan was president of retirement plan services for T. Rowe Price Group, a global investment management organization, from 2007 until her retirement in 2012. Before joining T. Rowe Price, she held senior positions with Fidelity Investments, a multinational financial services corporation, from 1989 to 2007, including executive vice president, head of Fidelity's Institutional Services Co., president of the Fidelity Charitable Gift Fund, and executive vice president of Fidelity Management Research Co. Egan is a director of UNUM Corp. and the BlackRock Fixed Income Funds Complex, as well as chair of the board of visitors of the University of Maryland School of Medicine.

Hughes has more than 40 years of experience in the insurance brokerage industry. He currently serves as non-executive chair of the board of directors of HUB International, a privately held insurance brokerage firm that provides an array of property, casualty, risk management, life and health, employee benefits, investment, and wealth management products and services across North America.

Hanover also announced Michael D. Price has resigned as a director of the board for personal reasons, effective at the company's annual meeting of shareholders, to be held May 12.