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Article: Motor Club of America Announces Closing of North East Transaction, Appointment of Patrick J. Haveron as Chief Executive Officer and Third Quarter Charges.
- Article from:
- PR Newswire
- Article date:
- September 24, 1999
CopyrightCOPYRIGHT 1999 PR Newswire Association, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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PARAMUS, N.J., Sept. 24 /PRNewswire/ -- Motor Club of America (Nasdaq: MOTR) announced today that it had closed its acquisition of North East Insurance Company (Nasdaq: NEIC). The Company also announced that its Board of Directors is naming Patrick J. Haveron as Chief Executive Officer of Motor Club of America. Haveron will be joining Stephen A. Gilbert in that position.
Reporting on the closing of the North East transaction, Stephen A. Gilbert, President and Chief Executive Officer of Motor Club, said, "We look forward to embarking on a new era at North East which will maximize its potential. We believe Motor Club offers North East the opportunity to ...