Progressive Says Renwick Adds Chairman’s Duty, Replacing Lewis

Progressive Corp. (PGR), the fourth-largest U.S. auto insurer, said Chief Executive Officer Glenn Renwick is taking the additional role of chairman, after the death ofPeter Lewis, who previously led the board.

Renwick, 58, will also retain the title of president, the Mayfield Village, Ohio-based insurer said today in a statement.

Lewis was CEO from 1965 to 2000 when he turned over the job to Renwick. The company’s largest shareholder, he remained non-executive chairman until his death on Nov. 23.

Progressive joins the two largest U.S. providers of car coverage in turning to a single person to handle the roles of chairman and CEO. Ed Rust leads State Farm Mutual Automobile Insurance Co., and Tom Wilson runs Allstate Corp.

To contact the reporter on this story: Zachary Tracer in New York at ztracer1@bloomberg.net

To contact the editor responsible for this story: Dan Kraut at dkraut2@bloomberg.net

Press spacebar to pause and continue. Press esc to stop.

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.