Pearson to succeed Blair as Baltimore Life CEO

Maryland Watch

July 26, 1996

Joseph E. Blair Jr. is retiring as chief executive officer of the 114-year-old Baltimore Life Insurance Co., effective Aug. 1. He will be succeeded by L. John Pearson, Baltimore Life's president and chief operating officer.

"The appointment of John Pearson as CEO of Baltimore Life is an important investment in the company's growth strategy as well as its evolving leadership," Blair said in prepared remarks.

Blair, who will remain active with the company as chairman of the board, entered the insurance industry more than 40 years ago after graduating from Loyola College and joined Baltimore Life in 1979 as vice president. He was named president and chief operating officer in 1986 and was elevated to chief executive officer in 1989.

During Blair's tenure, Baltimore Life's sales grew nine-fold; operations were expanded from 10 to 43 states; and a new headquarters was built in Owings Mills.

Pearson joined Baltimore Life in January 1995 as president and chief operating officer; he was named to the company's board of directors in February 1996. Before joining Baltimore Life, Pearson served as president of Utica National Life Insurance Co.

Pub Date: 7/26/96

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