Protective Insurance Corporation Announces John Barnett as new Chief Financial Officer and Bahr Omidfar as new Chief Informat...
September 16 2019 - 9:00AM
Protective Insurance Corporation (NASDAQ: PTVCA) (NASDAQ: PTVCB), a
specialty property-casualty holding company in the transportation
and workers’ compensation insurance industries, has announced John
Barnett as the Company’s Chief Financial Officer, effective
September 30, 2019, and Bahr Omidfar as the Company’s Chief
Information Officer, effective September 16, 2019.
John Barnett has most recently served as Chief
Financial Officer and Executive Vice President of First Acceptance
Corporation, a non-standard auto insurance underwriter, since
October 2018 and served as Senior Vice President, Finance from May
2007 to March 2013. His responsibilities at First Acceptance
Corporation included financial reporting, accounting, planning and
analysis, investments, actuarial, and treasury operations. John
served as Vice President, Finance of Broadcast Music, Inc. from
March 2013 to October 2018 and has served in various other
management and manufacturing roles during his career, including as
Senior Manager, Planning and Analysis of Anheuser-Busch Companies
from 1999 to 2007. John holds a B.S. from the United States
Military Academy, a Master of Science in Engineering Management
from the University of Missouri, and an M.B.A. from the University
of Illinois.
“John will have a significant impact on
Protective. As CFO, John will help us drive improvement in
operating results and position us for profitable growth,” said
Protective’s Chief Executive Officer Jeremy Johnson. “John is a
versatile leader who understands the value of analysis-driven
business decisions.”
Bahr Omidfar most recently served as Chief
Technology Officer at CNA Insurance from January 2018 to April
2019, where he developed, executed and led various initiatives,
including the implementation of a new operating model; leading
strategic partnership; and the creation of a technology strategy
and roadmap for the enterprise. Bahr served in various Senior Vice
President roles with Fidelity Investments from 2013 to 2018,
focusing on technology and security. Bahr has also held roles at
Rockwell Automation, Raytheon, Motorola, Deloitte, and Northrup
Grumman Corporation and holds multiple certifications, including
Six Sigma Master Black Belt.
“Bahr has a proven track record of transforming
operating models at global organizations,” said Johnson. “As a
change agent and customer advocate, Bahr believes in the importance
of systems operating with speed and efficiency to enhance our
capabilities and customer experience. We are excited about the
breadth of experience and vision John and Bahr will bring to our
executive leadership team.”
About Protective Insurance
Corporation
Protective Insurance Corporation (the
“Company”), based in Carmel, Indiana, is a property-casualty
insurer specializing in marketing and underwriting property,
liability and workers’ compensation coverage for trucking and
commercial automobile fleets, as well as coverage for trucking
industry independent contractors. In addition, the Company offers
workers’ compensation coverage for a variety of operations outside
the transportation industry.
Forward-looking statements in this release,
including but not limited to statements regarding Mr. Barnett’s and
Mr. Omidfar’s leadership as Chief Financial Officer and Chief
Information Officer, respectively, are made pursuant to the safe
harbor provisions of the Private Securities Litigation Reform Act
of 1995. Investors are cautioned that such forward-looking
statements involve inherent risks and uncertainties. Investors are
encouraged to review the Company's annual report for its full
statement regarding forward-looking information.
Media Contact:Matt Thompson
(317) 429-2684mthompson@protectiveinsurance.com
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