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6 Worcester Business Journal | October 10, 2016 | wbjournal.com B R I E F S Hanover Insurance names new CFO The Hanover Insurance Group has appointed Jeffrey Farber as the company's executive vice president and chief financial officer. His responsibilities will span the finance, accounting, investment, actuari- al, enterprise risk management, treasury and investor relations functions. He will begin working for the company as executive vice president and senior finance officer on Oct. 1 and will take on the CFO position on or around November 4. Farber, 52, joins The Hanover after five years with American International Group (AIG), where he served as the organiza- tion's deputy chief financial officer and as chief risk officer for the company's com- mercial and consumer businesses. Farber succeeds Eugene Bullis, who has served as executive vice president and interim chief financial officer at The Hanover since October 2015, following the unexpected death of the company's chief financial officer. Bullis will continue with the company until November 11. Clinton, Leominster hospitals merger moves forward The board of UMass Memorial Health Care has voted for a merger between its hospitals in Clinton and Leominster, with a final decision from the state to come within the next six months. The board of trustees voted to approve the merger of UMass Memorial - HealthAlliance Hospital in Leominster and UMass Memorial - Clinton Hospital. Details of the planned merger will be filed and submitted to the Massachusetts Department of Public Health next month for approval. The announcement confirms plans that the organization had previously been exploring. Hospital mergers are a large trend in health care, according to an official from the Massachusetts Health and Hospital Association. The decision comes as Clinton Hospital continues to lose money. Through the end of June this year, the hospital has lost $1.1 million, according to the latest report from the Massachusetts Center for Health Information and Analysis. During that same period, HealthAlliance Hospital posted $5.2 million in profits. It will take up to six months for approval, during which time Clinton Hospital will continue to operate. T H E T I C K E R 21 People trained by MassMEP using the last round of advanced manufacturing training program grants. MassMEP in September received $250,000 in the next round of grants. Jobs that Bristol-Myers Squibb added with its Devens expansion in 2015. 660 Homes sold in 2016 throughout Massachusetts by the end of August. 40,060 The cost of the new Wachusett Commuter Rail Station on the Fitchburg Line that opened in September. $93M Continued from previous page Get in touch now to start your next Green Project • Affordable & Market Rate Housing • New Construction • Gut & Moderate Rehab • Single Family Home Development • Energy Code Compliance 146 MAIN STREET • SUITE 301 • WORCESTER, MA 01608 (508) 713-6680 • WWW.GREENRATER.COM INFO@GREENRATER.COM • TWITTER @SCIGREENRATER Helping People Build Better • Mass Save • HERS Rating • ENERGY STAR Homes • Passive House • LEED for Homes Source: The Massachusetts Executive Office of Labor and Workforce Development Source: MassEcon Source: The Warren Group Source: MassDOT Jeffrey Farber