McGavick Named SAFECO Chairman

NU Online News Service, Nov. 8, 4:15 p.m. EST? SAFECO said today that it has added the post of chairman to its chief executive officer and president, Mike McGavick.

The move is "an affirmation that the directors believe the company is well-managed, on the right track," said William G. "Gary" Reed Jr., a long-time member of the board of directors who has served as the Seattle-based insurer's chairman since December 2000.

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