NU Online News Service, Nov. 17, 11:21 a.m.EST

Canal Insurance Company, a commercial truck carrier, announcedthat John Pollock has been elected the new president and chiefexecutive officer to replace retiring CEO Charles M. "Chuck"Timmons, Jr.

Mr. Pollock, a current Canal Board member, will also serve aspresident and CEO of the subsidiary, Canal Indemnity Company, thefirm said.

Mr. Pollock served previously as the president and CEO ofWinterthur U.S. Holdings from 2003 to 2007. Before that, beginningin 1988, he was president of General Casualty Insurance.

Mr. Timmons joined the Greenville, S.C.-based family businessfounded by his grandfather William R. Timmons Sr., after graduatingcollege. He served with the company for 37 years.

"With the outstanding people, technologies and processes that wehave put in place over the last few years, Canal is in a greatposition for increased growth in the future," Mr. Timmons said in astatement

Canal reports it has over $500 million in policyholder surplus,is active in 46 states, and employs 225 people.

Lansing Crane, Canal chairman, said the Timmons family, Canal'scustomers and all the Canal employees owed their retiring CEO "agreat debt of gratitude to him for his many years of service andcontribution to Canal's success."

Mr. Timmons will remain on the Canal board.