News: Tower appoints new CEO

  1. lightbulb Created with Sketch. 1
    .


    Tower FPO (ASX:TWR) has named director David Hancock as its new CEO, replacing Rob Flannagan who resigned from the general insurer in March.


     


    Mr Hancock, who is a director of Tower and Tower Capital starts in the new role today for a two-year term.


     


    Tower is refocusing its business on general insurance following a strategic review that resulted in the sale of its health and investment units.


     


    Tower launched a review of its business on the basis that its share price didn't reflect the value of the underlying businesses.


     


    Shares have gained 23 per cent in the past year.


     


    Tower booked a $35.4 million net profit in the first half of fiscal 2013.

 
Add to My Watchlist
What is My Watchlist?
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)
Last
$1.56
Change
-0.015(0.95%)
Mkt cap ! $534.3M
Open High Low Value Volume
$1.58 $1.60 $1.56 $58.23K 36.68K

Buyers (Bids)

No. Vol. Price($)
1 2000 $1.52
 

Sellers (Offers)

Price($) Vol. No.
$1.60 10734 2
View Market Depth
Last trade - 15.32pm 29/07/2025 (20 minute delay) ?
TWR (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.