Georgine Resigns As ULLICO CEO, Replaced By O'Sullivan
Robert A. Georgine, the embattled chairman, president and CEO of union-controlled insurer ULLICO Inc., has resigned those posts and a newly elected board of directors picked laborers' union General President Terence M. OSullivan as the company's new chairman and CEO.
The actions at a May 8 board meeting ended Georgine's long reign as head of Washington, D.C., -based ULLICO. Georgine, the former president of the AFL-CIO Building and Construction Trades Dept., has been under fire for more than a year for a ULLICO insider stock trading controversy that is still under federal investigation.