Bruce Dow, the current CEO of the SAG-Producers Pension & Health Plans and a 28-year employee of the plans, resigned today. Dow had been on medical leave since January, and has been accused of wrongdoing by former employee Craig Simmons. The trustees engaged outside counsel to investigate the allegations and announced in December that the allegations were generally baseless.
Statement from the Trustees:
It is with regret that we accept our CEO Bruce Dow’s decision to resign from employment with the Plans. For the last 28 years, Bruce has been instrumental in assisting the Trustees in designing and managing many of the benefit programs actors enjoy today. His ideas and innovation over the years have produced substantial savings for the Plans and excellent benefits for Plan participants. We greatly appreciate the work that Bruce has done for the Plans and are pleased to announce that Bruce will serve as a Consultant to the Plans.
The Board of Trustees has appointed Chris Dowdell as the Interim CEO. Chris is currently the Plans’ Chief Operating Officer and has been with the Plans for over 20 years. The Board looks forward to working with Chris in his new capacity.