Progressive Names New CEO
May 16, 2016—Progressive Corporation announced late last week that president and CEO Glenn Renwick will retire after almost 30 years with the company. His successor has been named as Tricia Griffith, currently the Personal Lines COO.
"I am truly honored to be named CEO," Griffith said. "Glenn has been an outstanding leader, mentor and friend and I am committed to building on his legacy and working with our board and management team to continue to fulfill our mission and create value for all of our stakeholders."
Griffith will assume the position on July 1, and join the board of directors at that time. Renwick will stay on as executive chairman of the board.
"It has been a privilege to lead this extraordinary organization - surrounded by the smartest, most entrepreneurial, and innovative people in the insurance industry," Renwick said. "Tricia has an outstanding track record in key leadership positions at Progressive over the last 28 years, and I am confident the company will continue to thrive under her leadership. I look forward to continuing to serve the company in my role as chairman."