.
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.
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Last
$1.57 |
Change
-0.035(2.19%) |
Mkt cap ! $536.0M | |||
| Open | High | Low | Value | Volume |
| $1.60 | $1.60 | $1.57 | $3.705K | 2.326K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 450 | $1.57 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.60 | 8890 | 3 |
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| Last trade - 13.38pm 31/07/2025 (20 minute delay) ? |
| TWR (ASX) Chart |