Progressive Announces 2017 Annual Meeting Dates and Management Change
February 17 2017 - 1:13PM
MAYFIELD VILLAGE, OHIO - February 17,
2017 - The Progressive Corporation (NYSE: PGR) today
announced that the Board of Directors took the following
actions:
The Board fixed the close of business on March 17,
2017, as the record date for the determination of shareholders
entitled to notice of, and to vote at, the Annual Meeting of
Shareholders scheduled to be held on May 12, 2017.
Also, the Board elected Daniel P. Mascaro as its
new Chief Legal Officer, Secretary, and Vice President to be
effective March 1, 2017, after the retirement of Charles E.
Jarrett. Mr. Jarrett has held these positions since joining
Progressive in 2000.
Mr. Mascaro joined Progressive in 2002, leading
the Corporate Legal Litigation Group. Since then, he has held a
variety of leadership positions across the organization including
Media Business Leader, Personal Lines General Manager for the
Central Region, and, for the last four years, Claims Legal Business
Leader. Prior to Progressive, Mr. Mascaro was a partner in the
BakerHostetler law firm.
"For the last 16 years, Chuck has played a vital
role in the growth of Progressive, helping it become a
recognizable, national brand," said Tricia Griffith, President and
CEO of Progressive. "His leadership, commitment, and integrity will
be greatly missed. I'm thrilled to have Dan join our Executive
Leadership Team. His extensive knowledge and experience of
both our business and legal groups are invaluable assets. I
look forward to working with Dan to make Progressive the number one
choice and destination for auto and other insurance."
Mr. Mascaro holds a bachelor's degree in
electrical engineering and a law degree from the University of
Notre Dame.
About Progressive
The Progressive Group of Insurance Companies makes it
easy to understand, buy and use auto insurance. Progressive offers
choices so consumers can reach us whenever, wherever and however
it's most convenient-online at http://www.progressive.com, by phone
at 1-800-PROGRESSIVE, on a mobile device or in-person with a local
agent.
Progressive provides insurance for personal and commercial autos
and trucks, motorcycles, boats, recreational vehicles, and homes.
Home insurance is underwritten by select carriers, including
American Strategic Insurance Corp. and subsidiaries (ASI), our
majority owned subsidiaries.
Progressive is the fourth largest auto insurer in the country; a
leading seller of motorcycle and commercial auto insurance; and
through ASI, one of the top 20 homeowners carriers. Progressive
also offers car insurance online in Australia at
http://www.progressiveonline.com.au.
Founded in 1937, Progressive continues its long history of offering
shopping tools and services that save customers time and money,
like Name Your Price®,
Snapshot® and Service
Centers.
The Common Shares of The Progressive Corporation, the Mayfield
Village, Ohio-based holding company, trade publicly at
NYSE:PGR.
Company Contact:
Julia
Hornack
(440) 395-2164
The Progressive Corporation
6300 Wilson Mills Road
Mayfield Village, Ohio 44143
http://www.progressive.com
This
announcement is distributed by Nasdaq Corporate Solutions on behalf
of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely
responsible for the content, accuracy and originality of the
information contained therein.
Source: The Progressive Corporation via Globenewswire
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