Insurance Exec Named New Economic Development Head

HARTFORD, Conn. (AP) _ Gov. Dannel P. Malloy has chosen a top executive from the ING insurance company to run Connecticut’s Department of Economic and Community Development.

Malloy announced Thursday that Catherine Smith, CEO of ING U.S. Retirement services, has agreed to take the job. Her nomination awaits legislative confirmation.

The 58-year-old Smith manages 3,000 employees at ING and oversees sales, marketing, operations, customer service, product development, risk management and finance. In her new job, Smith says she plans to focus on bringing new jobs to the state, getting to know both large and small companies already in Connecticut and making DECD more user-friendly for businesses.

Asked why he chose someone from the private sector and not the public sector for the job, Malloy said it was because he wants the state to win.

(Copyright 2011 by The Associated Press.  All Rights Reserved.)

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