Farmers Group, Inc. CEO Jeff Dailey Announces Changes to Better Align
Leadership Team Around Core Businesses
Presidents, Chief Operations Officer and Chief Administrative Officer Named
LOS ANGELES, Feb. 19, 2013
LOS ANGELES, Feb. 19, 2013 /PRNewswire/ -- Farmers Group, Inc. CEO Jeff Dailey
has announced several executive leadership team appointments as the Los
Angeles based, leading multi-line insurer group better aligns the leadership
team around Farmers core businesses.
Mhayse Samalya will become President of the Farmers brand; Tony DeSantis has
been appointed President of Farmers Personal Lines; Steve Boshoven will become
President of Farmers' Foremost brand; David Travers has been appointed Chief
Operations Officer; and Deborah Aldredge will become Chief Administrative
"With these appointments, we are better positioned to be even more responsive
to our customers and, ultimately, help us achieve our goal of becoming the
best multi-line insurer group in the U.S.," said Dailey, who became Farmers
Group, Inc. CEO in January 2012. "These changes in our leadership team align
the team around our core businesses, improve decision making speed and
streamline our operations and other functions for the benefit of our customers
and other key stakeholders."
President of the Farmers Brand
As the President of the Farmers brand, Samalya will oversee all aspects of
Farmers' personal lines business, including the integration of Farmers' 21st
Century Insurance Company, as Farmers moves toward a one brand strategy.
Samalya also will continue to lead Farmers' Exclusive Agent distribution
channel, which is composed of more than 14,000 agents and district managers
across the U.S.
President of Personal Lines
DeSantis, who has served as President of 21st Century Insurance Company, will
become President of Farmers Personal Lines and will lead the product
development, pricing and underwriting functions, with the exception of 21st
Century Insurance Company in California, which will be under Samalya.
President of the Foremost Brand
As President of the Foremost brand, Boshoven is responsible for the company's
Specialty business unit and will add responsibility for the Bristol West
business unit and all Independent Agent distribution. Tim Madden, President of
the Bristol West business unit, and Bob Sadler, who leads Independent Agent
distribution, will now report to Boshoven.
Chief Operations Officer
Travers, formerly Farmers Head of Service Operations, will become Chief
Operations Officer, a newly created position with oversight of all operational
areas, including information technology. Farmers Chief Information Officer
Shohreh Abedi will report to Travers and continue to serve on CEO Dailey's
senior leadership team. Sharon Fernandez has been promoted to Head of Service
Operations, reporting to Travers.
Chief Administrative Officer
As Chief Administrative Officer, Aldredge, formerly Farmers Chief People
Officer, will have oversight over Human Resources, the University of Farmers,
Government and Industry Affairs, Risk and administrative oversight for
Internal Audit, which reports to the Farmers Group, Inc. and Exchange Audit
Farmers Insurance Group of Companies is a leading U.S. insurer group of
automobiles, homes and small businesses and also provides a wide range of
other insurance and financial services products. Farmers Insurance is proud to
serve more than 10 million households with more than 20 million individual
policies across all 50 states through the efforts of over 50,000 exclusive and
independent agents and nearly 24,000 employees.
Farmers is a trade name and refers to the business activities of Farmers
Group, Inc. and the Farmers Exchanges. Farmers Group, Inc., along with its
subsidiaries, is wholly owned by the Zurich Insurance Group, and provides
non-claims administrative services to the Farmers Exchanges. The Farmers
Exchanges are three reciprocal insurers (Farmers Insurance Exchange, Fire
Insurance Exchange and Truck Insurance Exchange), including their subsidiaries
and affiliates, owned by their policyholders. For more information about
Farmers, visit its Web site at www.farmers.comor at
Contact: Mark Toohey
Head of Media Relations
SOURCE Farmers Group, Inc.
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