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United States

Progressive Corp (PGR.N)

PGR.N on New York Stock Exchange

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9 Dec 2016
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Summary

Name Age Since Current Position

Glenn Renwick

60 2016 Executive Chairman of the Board

Susan Griffith

51 2016 President, Chief Executive Officer

John Sauerland

51 2015 Chief Financial Officer, Vice President

John Auer

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

John Barbagallo

56 2007 President - Commercial Lines Group & Agency Operations

Patrick Callahan

45 2015 President - Personal Lines

John Murphy

46 2016 President - Customer Relationship Management

Valerie Krasowski

50 2008 Chief Human Resource Officer

William Cody

54 2003 Chief Investment Officer

Steven Broz

45 2016 Chief Information Officer

M. Jeffrey Charney

56 2010 Chief Marketing Officer

Jeffrey Basch

57 1999 Chief Accounting Officer, Vice President

Thomas King

56 2003 Vice President, Treasurer

Charles Jarrett

58 2001 Chief Legal Officer, Vice President, Secretary

Michael Sieger

54 2015 Claims Operations Leader

Stuart Burgdoerfer

53 2009 Independent Director

Charles Davis

67 1996 Independent Director

Roger Farah

63 2008 Independent Director

Lawton Fitt

62 2009 Independent Director

Jeffrey Kelly

62 2012 Independent Director

Patrick Nettles

72 2004 Independent Director

Bradley Sheares

59 2003 Independent Director

Barbara Snyder

60 2014 Independent Director

Biographies

Name Description

Glenn Renwick

Mr. Glenn M. Renwick has been appointed as Executive Chairman of the Board of the Company, effective July 01, 2016. He is no longer President, Chief Executive Officer effective July 1, 2016. Mr. Renwick has almost 30 years of experience working in significant management positions at Progressive. He served as Chief Executive Officer of insurance operations in 2000 and has served as the Chief Executive Officer of the company since 2001. 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.

Susan Griffith

Mrs. Susan Patricia Griffith has been appointed as President, Chief Executive Officer of the Company, effective July 1, 2016. Mrs. Griffith was President - Customer Operations of The Progressive Corporation., since April 2014. Mrs. Griffith, who had been Chief Human Resource Officer overseeing all Human Resources systems, policies and practices for the Corporation, first joined the Company in 1988 as a claims representative in Indianapolis. Mrs. Griffith has served in various capacities since then, including claims unit supervisor, branch manager and auditor. She has also served as a regional claims manager and as a process manager responsible for the Company's Subrogation group, the national Glass Claims Unit and the 24-hour Claims Reporting Unit. Mrs. Griffith has a bachelor's degree from Illinois State University.

John Sauerland

Mr. John P. Sauerland is Chief Financial Officer, 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

John F. Auer is President, Chief Executive Officer, and Treasurer of ARX Holding Corp, a subsidiary of the Company.He is 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 Barbagallo

Mr. John A. Barbagallo serves as President - Commercial Lines Group & 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 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 is 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.

Valerie Krasowski

Ms. Valerie A. Krasowski serves as Chief Human Resource Officer of the company since August 6, 2008. She was Special Lines General Manager from March 2006 to August 2008; Director of Regional Marketing from March 2005 to March 2006; Director of Total Rewards prior to March 2005.

William Cody

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

Steven Broz

Mr. Steven A. Broz is 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 from April 2011 to March 2015; Personal Lines General Manager prior to April 2011.

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.

Thomas King

Mr. Thomas A. King serves as Vice President, Treasurer of The Company. He was Investment Strategist prior to April 2003.

Charles Jarrett

Mr. Charles E. Jarrett serves as Vice President, Secretary and Chief Legal Officer of The Progressive Corporation.

Michael Sieger

Mr. Michael D. Sieger serves as Claims Operations Leader 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.

Stuart Burgdoerfer

Mr. Stuart B. Burgdoerfer is Independent Director of The Progressive Corporation since 2009. 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. (formerly Limited 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 Independent Director of The Progressive Corporation since 1996. Mr. Davis 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 Independent Director of The Progressive Corporation. 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.

Lawton Fitt

Ms. Lawton Wehle Fitt is Independent Director of The Progressive Corporation. Ms. Fitt 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.

Jeffrey Kelly

Mr. Jeffrey D. Kelly is Independent Director of The Progressive Corporation., since October 12, 2012. 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 now at 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 current roles at RenaissanceRe, Mr. Kelly also provides a different perspective about the insurance industry

Patrick Nettles

Dr. Patrick H. Nettles, Ph.D., is Independent Director of The Progressive Corporation. 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 Independent Director of The Progressive Corporation. 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 serves as 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 nonprofit 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 the 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.