Filed Under:Your Practice, Regulatory

NAIC CEO search, recruitment ups budget for 2012, '13

CEO Terri Vaughan, Ph.D., steward of the NAIC--for now. Courtesy NAIC
CEO Terri Vaughan, Ph.D., steward of the NAIC--for now. Courtesy NAIC

The cost of recruiting expenses in the NAIC is over budget in 2012 and due to spike in 2013 due to the search for a new CEO to replace Therese (Terri) Vaughan, Ph.D, according to the organization’s proposed 2013 budget document.

The majority of the over budget variance in 2012 is directly related to the search for a new CEO, which is ongoing. The 2013 budget assumes additional expenses related to the CEO search and an increase in reliance on external recruiting services for the attraction of NAIC employees in 2013, the NAIC stated in its budget.

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Nichole Morford

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