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Frederick H. Eppinger served as the CEO of The Hanover Insurance Group from 2003 until his retirement in 2016. He came from a strong background in finance, having worked at major firms like The Hartford and McKinsey & Company, where...

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Frederick H. Eppinger

Ex-CEO of The Hanover Insurance Group

Field of Expertise

Finance & Banking - Finance

Sector of Economy

Financial Services

Born

January 1, 1959 - 66 years ago

CEO of The Hanover Insurance Group for

13 years 5 months (Jan 2003 - Jun 2016)

Previous Experience

Executive Vice President of Property and Casualty Field and Service Operations for The Hartford Financial Services Group, Inc.

Holdings

See how much did Frederick H. Eppinger make over time.

During his time at The Hanover, Frederick H. Eppinger held substantial positions that reflected both the company's growth and his personal investments. Notably, in 2015, he saw his total compensation reach approximately $5.2 million, which included stock options and bonuses...

Total Stock Sold

$18.61M

THG

$18.24M

235,000 THG shares

CNC

$376.71K

21,548 CNC shares

What if they kept their stock?

If Frederick H. Eppinger didn't sell their stock, today they would have:
Extra THG235,000 shares worth $23.35M and CNC21,548 shares worth $1.40M.
This is 32.97% and $6.14M more than what they got when they sold the stock.

Charitable Transactions

CNC

10,000 shares

CNC

Recent Charitable Transactions

CNC

5,000 shares

CNC

May 14, 2015

Charity

Insider Trading

See recent insider trades of Frederick H. Eppinger.

CNC

377 shares

CNC

Jun 30, 2024

Received

CNC

4,861 shares

CNC

May 14, 2024

Received

CNC

323.792 shares

CNC

Mar 31, 2024

Received

CNC

433.185 shares

CNC

Dec 31, 2023

Received

CNC

469.713 shares

CNC

Sep 30, 2023

Received

CNC

468.586 shares

CNC

Jun 30, 2023

Received

CNC

5,157 shares

CNC

May 10, 2023

Received

CNC

440.203 shares

CNC

Mar 31, 2023

Received

Compensation History

See how much did Frederick H. Eppinger make over time.

Frederick H. Eppinger's compensation during his leadership at The Hanover varied greatly depending on the company's performance. For instance, in 2016, he received a total of $4.36 million, which was a drop from his 2015 payoff of $5.2 million, largely due to changes in bonuses and stock options. His salary remained steady at $1 million over several years, but his bonus amounts fluctuated based on strategic and operational success. In earlier years, he achieved bonuses as high as $1.2 million in 2014, reflecting strong company performance metrics. The compensation strategy at The Hanover emphasized aligning executive pay with company success, and Eppinger's payouts mirrored this goal in a significant way. After announcing his retirement, he also secured additional consulting fees to support a smooth transition, highlighting the importance of leadership continuity during critical times.

Year

2016

Total Compensation

$4.33M

Salary

$461.51K

Board Justification

The compensation philosophy emphasizes performance-based pay, aligning executive compensation with company performance and shareholder interests.

Bonus

$357.00K

Board Justification

Represents a one-time cash bonus paid in March 2017 for his service as CEO during 2016, determined by the Compensation Committee, representing 51% of his prior-year incentive compensation target award, pro-rated for his term of service.

Other

$3.52M

Board Justification

Includes consulting fees and other compensation paid in connection with his transition services agreement after retirement.

Restricted Stock

$0.00(0 N/A)

Board Justification

No stock awards vested in 2016 as he did not receive any plan-based awards in that year.

Performance Metrics

The performance metrics for determining compensation included overall company performance and individual contributions during the CEO transition period.

Other The Hanover Insurance Group CEOs

Here are other CEOs of The Hanover Insurance Group