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United States

Progressive Corp (PGR.N)

PGR.N on New York Stock Exchange

48.63USD
18 Aug 2017
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Summary

Name Age Since Current Position

Glenn Renwick

61 2017 Non-Executive Chairman of the Board, Director

Susan Griffith

52 2016 President, Chief Executive Officer, Director

John Sauerland

52 2015 Chief Financial Officer, Vice President

John Auer

62 President, Chief Executive Officer, and Treasurer of ARX Holding Corp

John Barbagallo

57 2015 Commercial Lines President; Commercial Lines Group President, Agency Operations

Patrick Callahan

46 2015 President - Personal Lines

John Murphy

47 2016 President - Customer Relationship Management

Lori Niederst

44 2016 Chief Human Resource Officer

William Cody

55 2003 Chief Investment Officer

Steven Broz

46 2016 Chief Information Officer

M. Jeffrey Charney

57 2010 Chief Marketing Officer

Jeffrey Basch

59 1999 Chief Accounting Officer, Vice President

Daniel Mascaro

53 2017 Vice President, Secretary, and Chief Legal Officer

Michael Sieger

55 2015 Claims President

Lawton Fitt

63 2016 Lead Independent Director

Philip Bleser

62 2017 Independent Director

Stuart Burgdoerfer

53 2009 Independent Director

Charles Davis

68 1996 Independent Director

Roger Farah

64 2008 Independent Director

Jeffrey Kelly

63 2012 Independent Director

Patrick Nettles

73 2004 Independent Director

Bradley Sheares

60 2003 Independent Director

Barbara Snyder

61 2014 Independent Director

Biographies

Name Description

Glenn Renwick

Mr. Glenn M. Renwick serves as Non-Executive Chairman of the Board, Director of the Company. He is Executive Chairman of the Board, The Progressive Corporation, Mayfield Village, Ohio since July 2016; Chairman of the Board, President, and Chief Executive Officer from November 2013 through June 2016; President and Chief Executive Officer prior to November 2013. Mr. Renwick has over 30 years of experience working in significant management positions at Progressive. He served as Chief Executive Officer of insurance operations in 2000 and as the Chief Executive Officer of the company from 2001 through June 2016. Mr. Renwick has served in a variety of operating roles during his tenure at Progressive, including product manager, the head of the company's marketing organization, and business technology leader. This experience enables him to provide unparalleled insight on the company’s operations and the property and casualty insurance industry. Mr. Renwick also has gained significant experience working in an oversight role through his service as an independent director on other corporate boards.

Susan Griffith

Ms. Susan Patricia Griffith serves as President, Chief Executive Officer and Director of the Company, effective July 1, 2016. Mrs. Griffith is President and Chief Executive Officer, The Progressive Corporation, Mayfield Village, Ohio since July 2016; Vice President from May 2015 through June 2016; Personal Lines Chief Operating Officer from April 2015 through June 2016; President of Customer Operations from April 2014 to March 2015; Claims Group President prior to April 2014 Mrs. Griffith has been with the company since 1988 and has held a series of executive leadership positions, including Chief Human Resource Officer, Claims Group President, in charge of the entire Claims organization, President of Customer Operations, overseeing the company's contact center (sales and delivery), customer experience, systems experience and workforce management groups, and Personal Lines Chief Operating Officer, where she oversaw the Personal Lines, Claims, and Customer Relationship Management groups. During 2016, she was elected by the Board as Chief Executive Officer and a Director. Mrs. Griffith’s intimate knowledge of the company and her leadership experience give her a deep understanding of the Company’s culture, operations, challenges, and opportunities.

John Sauerland

Mr. John P. Sauerland is the Chief Financial Officer and Vice President of the Company. He was President and CEO of ARX, has two adult children and a spouse of a child who were employed by a subsidiary of ARX during 2015. Using the Summary Compensation Table methodology, the collective dollar value of these employment relationships for 2015 was less than $186,000. We believe that the level of compensation is appropriate in view of each individual’s position, responsibilities, and experience and is consistent with ASI’s companywide compensation structure.

John Auer

Mr. John F. Auer is the President, Chief Executive Officer and Treasurer of ARX Holding Corp, a subsidiary of the Company. We believe that the level of compensation is appropriate in view of each individual’s position, responsibilities, and experience and is consistent with ASI’s companywide compensation structure.

John Barbagallo

Mr. John A. Barbagallo serves as Commercial Lines President; Commercial Lines Group President, Agency Operations of the company, since September 2007. He served as President - Agency Group from May 2006 to September 2007; Agency Business General Manager of the Atlantic Region prior to May 2006.

Patrick Callahan

Mr. Patrick K. Callahan serves as President - Personal Lines of The Progressive Corporatin since April 2015. He served as Direct Acquisition Business Leader from March 2013 to March 2015; Special Lines General Manager prior to March 2013.

John Murphy

Mr. John Murphy serves as President - Customer Relationship Management of the Company since January 2016. He served another of our executive officers, failed to timely file one report during 2015. On May 14, 2015, he filed his initial statement of beneficial ownership on Form 3. This filing should have been filed by May 11, 2015. The report was late due in part to unanticipated delays in obtaining filing codes for Mr. Murphy.

Lori Niederst

Ms. Lori A. Niederst is the Chief Human Resource Officer of the Company, since November 2016. She was Senior Human Resource Business Leader prior to November 2016.

William Cody

Mr. William M. Cody is the Chief Investment Officer of the company. He was Portfolio Manager prior to February 2003.

Steven Broz

Mr. Steven A. Broz is the Chief Information Officer of The Progressive Corporation since February 2016. He served as Claims Process General Manager from March 2015 to January 2016; Enterprise Project Management Office Leader prior to March 2015.

M. Jeffrey Charney

Mr. M. Jeffrey Charney serves as Chief Marketing Officer of The company, since November 2010. He served as Senior Vice President and Chief Marketing Officer of Aflac Incorporated from November 2008 to October 2010; Senior Vice President and Chief Marketing Officer of QVC, Inc. prior to November 2008.

Jeffrey Basch

Mr. Jeffrey W. Basch serves as Vice President and Chief Accounting Officer of The Progressive Corporation.

Daniel Mascaro

Mr. Daniel P. Mascaro serves as Vice President, Secretary, and Chief Legal Officer of the Company. He Claims Legal business leader from January 2013 to February 2017; Personal Lines General Manager prior to January 2013.

Michael Sieger

Mr. Michael D. Sieger serves as Claims President of the Company, since January 2015. He is one of our executive officers, failed to timely report 3 transactions during 2015. On January 27, 2015, he reported the January 14, 2015 distribution of common shares and cash from the company’s executive deferred compensation plan, together with related withholding, on a Form 4. This transaction, which should have been reported on a Form 4 by January 16, 2015, was not reported on a timely basis due to an administrative error on the part of Progressive. On January 5, 2016, he reported the February 10, 2015 acquisition of 17.97 common shares pursuant to a broker-sponsored dividend reinvestment program and the July 28, 2015 disposition of a fractional share arising from his transfer of shares from one brokerage account to another. The acquisition should have been reported on a Form 4 by June 5, 2015 (when the small acquisition delayed reporting exemption ended) and the disposition should have been reported on a Form 4 by July 30, 2015.

Lawton Fitt

Ms. Lawton Wehle Fitt serves as Lead Independent Director of The Progressive Corporation. Ms. Fitt Corporate Director; Retired Partner, Goldman Sachs Group, New York, New York (financial services). she has substantial experience in the areas of investment banking and risk analysis, including insight into the operation of capital markets, as a result of her work as a partner at Goldman Sachs Group. In addition, she attained executive management experience through her work as the Secretary of the Royal Academy of Arts in London. Ms. Fitt’s service as a director at various other for-profit and non-profit organizations also factored into the decision to select her to serve on the Board of Directors.

Philip Bleser

Mr. Philip F. Bleser is Independent Director of the Company. Mr. Bleser retired in 2016 from JPMorgan Chase & Co. (JPM), where he served as Chairman of Global Corporate Banking, managing many of JPM’s most important relationships. From 2010 to 2015, he served as JPM’s CEO of Global Corporate Bank of North America, covering large capitalization and multi-national customers. Mr. Bleser also serves on the board of directors of Francesca’s Holdings Corporation, a specialty retailer of apparel, jewelry and accessories.

Stuart Burgdoerfer

Mr. Stuart B. Burgdoerfer is an Independent Director of The Progressive Corporation since 2009. Mr. Burgdoerfer Executive Vice President and Chief Financial Officer, L Brands, Inc., Columbus, Ohio (retailing) Mr. Burgdoerfer has been selected to serve as a director of the company because he has substantial experience working in leadership roles as a financial professional, including his current role as the Chief Financial Officer of L Brands, Inc. and, before that, as Senior Vice President of Finance of The Home Depot, Inc. Mr. Burgdoerfer enhances the Board’s financial expertise and is a valuable member of our Audit Committee as an Audit Committee Financial Expert.

Charles Davis

Mr. Charles A. Davis is an Independent Director of The Progressive Corporation since 1996. Mr. Davis Chief Executive Officer, Stone Point Capital LLC, Greenwich, Connecticut (private equity investing). He has broad financial, investment, and capital management expertise developed through his work at Goldman Sachs Group, investment management experience at MMC Capital, Inc., service as Chief Executive Officer of Stone Point Capital LLC, and his position as a member of the Advisory Committee of Deutsche Bank (Americas). The Board values Mr. Davis’s extensive knowledge of Progressive’s business and history, which he has gained through his service as a director of the company since 1996. He also has substantial experience serving on the boards of other public and private companies.

Roger Farah

Mr. Roger N. Farah is an Independent Director of The Progressive Corporation. Mr. Farah is Executive Director, Tory Burch LLC, New York, New York (retailing) since March 2017; Co-Chief Executive Officer, Tory Burch LLC, from September 2014 through February 2017; Executive Vice Chairman, Ralph Lauren Corporation, New York, New York (lifestyle products) from November 2013 to May 2014; President and Chief Operating Officer, Ralph Lauren Corporation prior to November 2013. Mr. Farah was chosen to serve as a director principally due to his experience serving in executive officer positions at Tory Burch LLC and Ralph Lauren Corporation and his director position at Ralph Lauren Corporation. The extensive management and operational experience Mr. Farah has attained enables him to add significant value to the Board, particularly in the area of brand development and management. He brings a unique retail perspective to the Board as a result of his experience working in an executive management role in a consumer-focused industry that is different than the property and casualty insurance industry.

Jeffrey Kelly

Mr. Jeffrey D. Kelly is an Independent Director of The Progressive Corporation., since October 12, 2012. Mr. Kelly Retired; Chief Operating Officer and Chief Financial Officer, RenaissanceRe Holdings Ltd., Pembroke, Bermuda (reinsurance services) from December 2014 to September 2016; Chief Financial Officer, RenaissanceRe Holdings Ltd. prior to December 2014. Mr. Kelly brings a strong history of executive management, investment management, capital markets, and operational experience in the financial services industry. Among other responsibilities, he has served as the principal financial officer at a major commercial bank and a large reinsurer. Mr. Kelly's prior tenure with the Board and its committees gives him valuable insight into our insurance and investment operations. Due to his roles at RenaissanceRe, Mr. Kelly also provides a different perspective about the insurance industry.

Patrick Nettles

Dr. Patrick H. Nettles, Ph.D. is an Independent Director of The Progressive Corporation. Dr. Nettles also Executive Chairman of the Board, Ciena Corporation, Linthicum, Maryland (telecommunications). Dr. Nettles’s extensive technical experience, including his experience working as an engineer, engineering manager, and his position as Chairman of the Board of Ciena Corporation, are chief among the reasons he was selected to serve on the Board of Directors. His experience and education, which includes a Ph.D. in physics, along with his significant operational experience as the Chief Executive Officer of Ciena, give him a unique perspective that enables him to make significant and distinct contributions to our Board. In addition, his past experience as a chief financial officer enables him to add great value to the Audit Committee as the Committee Chairman and an Audit Committee Financial Expert. Dr. Nettles’s service as a director at other public companies also factored into the decision to select him to serve on our Board of Directors.

Bradley Sheares

Dr. Bradley T. Sheares, Ph.D. is no longer as Independent Director of The Progressive Corporation, effective May 2018. He is Corporate Director; Former Chief Executive Officer, Reliant Pharmaceuticals, Inc., Liberty Corner, New Jersey (pharmaceutical products). Dr. Sheares has substantial executive management experience he attained in his tenure as President of the U.S. Human Health Division of Merck & Co., Inc. and as Chief Executive Officer of Reliant Pharmaceuticals, Inc. These roles enabled Dr. Sheares to gain valuable sales, marketing, advertising, brand management, healthcare, mergers and acquisitions, research and development, and risk management experience. The Board also benefits from the technical perspective Dr. Sheares brings, due in part to his having earned a Ph.D. in biochemistry and his background in the sciences. In addition, the Board values the significant experience Dr. Sheares has gained through his service on the boards of a diverse set of public companies.

Barbara Snyder

Ms. Barbara R. Snyder is an Independent Director of the Company. She is President, Case Western Reserve University, Cleveland, Ohio (higher education). Ms. Snyder has extensive leadership experience as the President of Case Western Reserve University, in addition to leadership positions she has held at non-profit and university organizations and as a member of another public company board. Since being named President of Case in 2007, she has led a revitalization of the school, instituting a strategic planning process and eliminating a multi-million dollar deficit that she inherited, while overseeing enhancements of academic excellence, faculty collaboration, fundraising efforts, and the qualifications and diversity of Case’s student body. Her executive role at a leading university with strong research capabilities in science, engineering and technology, among other fields, along with her understanding of younger consumers and their technology habits, brings a unique perspective to our Board.