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Safety Insurance Group (SAFT) has issued an announcement.
Ann M. McKeown, a long-serving Vice President of Insurance Operations at the Company, is set to retire on March 1, 2024, after a notable 34-year tenure. Succeeding her will be Brian S. Lam, who has been with the company since 2002 and served as Director of Insurance Operations and Customer Engagement since 2014. Lam’s new role comes with a one-year renewable contract, an annual salary of $235,000, and benefits in line with other company officers, reinforcing the company’s stable leadership transition.
See more insights into SAFT stock on TipRanks’ Stock Analysis page.