Loews Corporation Announces CEO Transition:

Leadership Transition - James Tisch will retire as President and CEO of Loews Corporation on December 31, 2024, and will be succeeded by Benjamin Tisch, the current Senior Vice President of Corporate Development and Strategy [1] - James Tisch will transition to the role of Chairman of the Board of Directors, while Benjamin Tisch and Alexander Tisch will join the Board [1] Board of Directors' Confidence - The Board of Directors expressed confidence in Benjamin Tisch's leadership capabilities, highlighting his skills and attributes necessary for guiding the company [2] - Paul Fribourg, the lead independent director, emphasized Benjamin Tisch's deep knowledge of Loews Corporation and his potential to enhance long-term value creation for shareholders [2] Benjamin Tisch's Background - Benjamin Tisch joined Loews in 2011 and has held various leadership roles, including Vice President and Senior Vice President of Corporate Development and Strategy [2] - Prior to Loews, Benjamin Tisch was a Managing Director at Fortress Investment Group, managing diverse asset classes [3] Company Overview - Loews Corporation operates in diversified sectors including insurance, energy, hospitality, and packaging [3]