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Anthony F. Sierra named chief executive officer of BMI Financial Group

Anthony F. Sierra has been named chief executive officer of BMI Financial Group Inc. (BMI), replacing Tony M. Sierra, founder and chairman of the board of BMI, who will resign his position as CEO effective Sept. 1. Anthony Sierra is president and CEO of Best Meridian Insurance Company. BMI is a provider of life and health insurance. Tony Sierra will continue as chairman of the board of BMI. He will maintain involvement in the company's foreign operations and will head various committees. BMI's board of directors also have named Manuel Pelati as chief financial officer of BMI. He will retain his position of CFO of Best Meridian Insurance Company and Best Meridian International Insurance Company.

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