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, Blumenstein will succeed Joseph A. LoCicero, who has been President and CEO of since January 2006. LoCicero will continue in a senior role with the firm as Chairman, and Howard Fluhr, who served as President and CEO before LoCicero and is currently Chairman, will transition to Chairman Emeritus.
“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,” says Fluhr. “We are enthusiastic about the Board’s decision and confident in David’s ability to lead our firm.”
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.