RICHMOND, Va., Feb. 26,
2024 /CNW/ -- Markel Group Inc. (NYSE: MKL) announced
that Mike Heaton will become
Executive Vice President and Chief Operating Officer effective
today. In this expanded role, he will oversee the day-to-day
operations of the holding company and continue developing the
system that supports Markel Group's family of companies.
Heaton has a substantial track record supporting the businesses
in Markel Group. Most recently, he was Executive Vice President,
where he led the transformation from Markel Corporation to Markel
Group Inc. by establishing a more formal holding company identity,
structure, and team. From 2016 to 2022, Heaton served as President
of Markel Ventures, and he was Chief Operating Officer of Markel
Ventures before that.
"Mike has been by my side for close to two decades now," said
Chief Executive Officer Tom Gayner.
"He is an incredible operator and thought partner who played a huge
role in building the team, structure, and processes that made
Markel Group into a great home for businesses. Operating with this
level of autonomy, accountability, and love for our companies is
not easy, but the system that Mike and the team created, and will
continue to evolve, makes it possible."
As Executive Vice President and Chief Operating Officer, Heaton
will oversee the day-to-day operations for Markel Group with an
intentional focus on three core priorities: pursuing the best
capital allocation opportunities, attracting and supporting top
company leaders, and amplifying the cultural values in the Markel
Style. He will continue to report to Gayner from Markel Group's
global headquarters in Glen Allen,
Virginia.
"There is always more work to be done, but I really do think
that we can be the best home in the world for businesses," said
Heaton. "A place where people with shared values have the space and
support that they need to win. To have the opportunity to help
build something like this is the honor of a lifetime, and I'm going
to give everything I can to make it happen."
About Markel Group
Markel Group Inc. (NYSE: MKL) is a
diverse family of companies that includes everything from insurance
to bakery equipment, building supplies, houseplants, and more. The
leadership teams of these businesses operate with a high degree of
independence, while at the same time living the values that we call
the Markel Style. Our specialty insurance business sits at the core
of our company. Through decades of sound underwriting, the
insurance team has provided the capital base from which we built a
system of businesses and investments that collectively increase
Markel Group's durability and adaptability. It's a system that
provides diverse income streams, access to a wide range of
investment opportunities, and the ability to efficiently move
capital to the best ideas across the company. Most importantly
though, this system enables each of our businesses to advance our
shared goal of helping our customers, associates, and shareholders
win over the long term. Visit mklgroup.com to learn more.
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SOURCE Markel Group