April 11, 2013—Liberty Mutual Insurance has elected David Long to serve as chairman of its board of directors.
Long, Liberty Mutual’s current president and CEO, will take over the position June 28. He succeeds Edmund Kelly, 67, who is retiring from the position in June.
Boston-based Liberty Mutual said Long has served in various leadership positions at the company for the past 28 years. He has served as president and CEO since 2011.
"All of us at Liberty Mutual Insurance owe Ted Kelly a tremendous debt of gratitude for his leadership and vision in transforming Liberty Mutual Insurance into the fifth largest global property and casualty insurer," Long said. "On behalf of our 50,000 employees worldwide, I wish Ted and his family the very best in the years ahead."
Liberty Mutual ranks 84th on the Fortune 100 list of largest corporations in the U.S. based on 2011 revenue. As of December 2012, Liberty Mutual had $120.1 billion in consolidated assets, $101.5 billion in consolidated liabilities, and $36.9 billion in annual consolidated revenue.
