Xerox, which last week reported that losses from its insurance operations will probably result in a third-quarter loss, on Wednesday announced a shake-up of management of its Crum & Forster subsidiary, based in Morris Township, N.J.
Under the changes announced by David T. Kearns, Xerox chairman and chief executive, Melvin Howard became chairman and chief executive of Crum & Forster, succeeding John K. Lundberg, who resigned. Sidney F. Wentz, C&F president, was named chief operating officer, turning over his responsibilities as chief financial officer to John J. McGinty, formerly Xerox vice president and treasurer.
James J. Cutro, C&F's senior executive vice president, became vice chairman and chief administrative officer. Vice Chairman Donald H. McComber announced his retirement. Howard, Wentz, McGinty and Cutro make up a new executive office to direct the management of Crum & Forster's insurance subsidiaries.
In addition, Kearns announced formation of a new management committee that includes the four executive-office members and Ian R. Heap and Jeffrey J. Park, C&F senior vice presidents; William E. Buckley, chairman of U. S. Insurance Group; Robert A. Puccinelli, newly named chairman of Industrial Indemnity; Joe L. Stinnette Jr., chairman of C&F Personal Insurance, and Robert J. Vairo, chairman of C&F's underwriters group.