Integon Corporation Announces Resignation of Chief Executive Officer
Integon Corporation announced on November 25, 1996 that its Chief Executive
Officer, James T. Lambie, was resigning as the Company's Chief Executive Officer
and also as a director of the Company and that Mr. Lambie would continue as
President of the Company for the next several months. Mr. Lambie has decided to
also resign as President effective December 1, 1996. The Company has established
a committee of its Board of Directors for the purpose of selecting candidates
for the position of President and Chief Executive Officer. It is expected that
this position will be filled by the middle of 1997. Subsequent to the election
of a new President and Chief Executive Officer, Mr. Head will continue as
Chairman of the Board of Directors and a senior policy making member of the
management of the Company.
