New York (6/13/16) — The Board of Directors of The Segal Group has announced that David Blumenstein has been named President and CEO, effective October 1, 2016.
On that date, Mr. Blumenstein will succeed Joseph A. LoCicero, who has been President and CEO of The Segal Group since January 2006. Mr. LoCicero will continue in a senior role with the firm as Chairman, and Howard Fluhr, who served as President and CEO before Mr. LoCicero and is currently Chairman, will transition to Chairman Emeritus, a role also held by another former President and CEO, Robert D. Krinsky. Mr. LoCicero and Mr. Fluhr will continue to work with clients and on select non-client matters.
“David has served in various leadership roles at The Segal Group and greatly contributed to the firm’s success. He has a strong understanding of our business needs in all markets going forward,” commented Mr. Fluhr. “We are enthusiastic about the Board’s decision and confident in David’s ability to lead our firm.”
Mr. LoCicero added, “I look forward to working with David through the transition and in my new role as Chairman, and I am confident he will continue our legacy of providing excellent service to our clients and will move our great organization forward into its next chapter.”
Mr. Blumenstein’s career with Segal spans more than 27 years. He is currently the National Director of Multiemployer Consulting, where he has overseen growth of a significant part of Segal’s business and has served as consultant to numerous multiemployer funds, including health plans, defined benefit pension plans and defined contribution plans. He is also a member of the Board of Directors.
Mr. Blumenstein graduated magna cum laude from the University of Michigan with a BA in Philosophy. He has participated in numerous continuing education programs, including courses of study at Harvard and the Center for Creative Leadership. He is a frequent speaker at benefits conferences and other industry forums and a published author on both health care and retirement benefit topics.
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The Segal Group (www.segalgroup.net) is a private, employee-owned consulting firm headquartered in New York and with nearly 1,000 employees throughout the U.S. and Canada. Members of The Segal Group include: Segal Consulting, Sibson Consulting, Segal Select Insurance Services, Inc. and Segal Rogerscasey.