Chubb CEO set to resign in Feb.

SSN Staff  - 
Saturday, February 1, 2003

LONDON - Global fire and security firm Chubb said on Tuesday that its chief executive officer would resign in mid-February to return to the United States.

Robert Gasparini has held that post at the company since late 2000, when Chubb demerged from its former owner, conglomerate Williams Holdings, as well as through a series of failed merger talks last spring with Securitas. Gasparini, who will leave the company with a year’s salary, will be succeeded by Jonathan Findler, the company’s deputy chief executive and chief financial officer.

Analysts speculated that Gasparini’s departure could offer the company the possibility of a fresh start, including improved share price performance, as well as potentially revive merger talks.