CNA Extends Employment Agreement With Chairman, CEO Tom Motamed

CNA Financial Corp. has entered into an amendment to the employment agreement with Tom Motamed, chairman and CEO, to extend his term with the company. The modification extends Motamed's leadership through 2016, enabling him to continue executing the strategies he set in motion when he assumed his current position in 2009.

CNA says since Motamed’s arrival at the company, he has worked closely with producers and employees across the globe to implement strategies leading to increased top- and bottom-line performances. These include further developing industry-specific technical expertise, while maintaining a broad appetite; managing the mix of business to improve profitability; extending its geographic reach throughout the United States, Canada and Europe.