Byrne to chair

Jack Byrne, who recently retired as chairman and chief executive officer of White Mountain Insurance Group, will be chairing another board, that of his son’s company,

Overstock, a company based in Salt Lake City, is an online closeout retailer offering discount, brand-name merchandise for sale over the Internet, thus offering suppliers an alternative inventory liquidation distribution channel.

Byrne – who still resides in New Hampshire — will be replacing his son Patrick Byrne as chairman.

Patrick Byrne, an Overstock founder, will still keep his title as president.

“I can’t think of a better person to act as my boss than my father,” said Patrick Byrne, in an Overstock release. “He has had a lifetime of practice.”

Byrne has served on the board for most of the firm’s six-year history, but he also has served on a number of other corporate boards, including that of American Express, Lehman Brothers and Martin Marietta. He also is known for bringing back insurance company Geico from insolvency. – NHBR STAFF REPORT

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