06:32 AM EDT, 07/29/2024 (MT Newswires) -- Loews ( L ) said Monday that President and Chief Executive James Tisch is planning to retire, effective Dec. 31.

Tisch will be succeeded by Benjamin Tisch, who is currently a senior vice president of corporate development and strategy.

James Tisch will become the chairman of the board. Benjamin Tisch and Loews Hotels' CEO Alexander Tisch will also join the board, the company said.

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