In a may additionally 15 regulatory submitting, Baldwin
& Lyons elaborated further, noting that the three executives retired
“because of their confrontation with respect to the organisation’s recent
leadership adjustments, usual strategy and different topics.” The filing stated that the board authorized
an independent committee from amongst its club “to behavior a comprehensive
governance review,” and that the impartial suggest will assist both that and an
investigation into issues raised in the executives’ written notices of
retirement
.
Baldwin & Lyons without delay named everlasting and
intervening time replacements. W. Randall Birchfield, executive vice president
of sales and underwriting, is the insurer’s new CEO and has joined the board of
administrators. Birchfield joined the company in September 2013 as vice
chairman of Underwriting. previous to becoming a member of 1st earl baldwin of
bewdley & Lyons, he become with Allstate insurance Co., Farmers coverage
Co., American international institution and progressive insurance Co.
Michael Case, senior vp of Claims & prison, general
counsel and secretary, has the brought name of COO; and Douglas Collins,
assistant vp and director of Accounting & Finance, is interim chief
economic officer.
The employer said a search is underway for a permanent CFO,
with both internal and outside candidates being considered for the process.
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