Bonnie Malley, the chief financial officer of life insurer The Phoenix Cos., is resigning to take over as chief operating officer of the city of Hartford, company and city officials announced late Friday.
Hartford Mayor Luke Bronin said he will nominate to the city council Malley as his operations chief. Malley chaired Bronin’s financial review and audit committee transition teams and was also a member of the personnel committee.
Her appointment requires city council approval. It wasn’t immediately clear Friday what she will be paid for her new city position. In 2014, Malley’s total compensation at The Phoenix Cos. was $1.6 million, according to U.S. Securities and Exchange Commission filings. Â
Meantime, Ernest McNeill Jr., who is The Phoenix’s chief accounting officer, will succeed Malley as the life insurer’s CFO. Malley plans to leave Phoenix when the company’s merger with Nassau Reinsurance Group L.P. is done sometime early this year, Phoenix said Friday.
A CPA and chartered financial analyst, McNeill joined Phoenix in August 2014 and currently oversees numerous corporate finance functions.
Read more
