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Equitable Holdings Taps CNA Insurance Law Veteran as Legal Chief

Feb. 17, 2021, 6:00 PM

Equitable Holdings Inc. announced that Jose Gonzalez will succeed Dave Hattem as chief legal officer and corporate secretary.

Gonzalez, who joins Equitable from CNA Financial Corp., will oversee legal, compliance, regulatory, and government affairs, according to a company statement Tuesday. He’ll report to CEO Mark Pearson.

Hattem will retire this year following 26 years with Equitable, the statement said. In 2018, Hattem’s total compensation was over $4.3 million, according to the company’s 2019 proxy statement.

New York-based Equitable Holdings, which comprises financial services company Equitable and investment management firm AllianceBernstein, announced the legal office changes as it prepares to reveal fourth quarter and full-year results on Feb. 23.

The company reported a net loss of $779 million for the third quarter of 2020, compared with a $374 million loss in the same quarter the year prior. It reported a 6% increase in assets under management to $746 billion.

“While uncertainty persists, we have seen new business activity trending upwards,” Pearson said in a Nov. 4 earnings call.

At Chicago-based CNA, Gonzalez was executive vice president and general counsel for just over a year. He also had stops with insurance companies QBE North America, Torus Insurance, and American International Group Inc.

“I am delighted to join the management committee,” Gonzalez said in a statement, “and work alongside a team of talented professionals to help Equitable deliver strong results and thrive in the years ahead.”

To contact the reporter on this story: Ruiqi Chen in Washington, D.C. at rchen@bloombergindustry.com

To contact the editors responsible for this story: Chris Opfer at copfer@bloomberglaw.com
John Hughes at jhughes@bloombergindustry.com