Utility Firm Veteran To Take Safeco Helm
Safeco has chosen a veteran of the utility industry, Paula Rosput Reynolds, to take over as president and chief executive officer of the Seattle-based insurer on Jan. 1.
Ms. Reynolds, who was also appointed to Safeco's board, will replace Mike McGavick, who steps down on Dec. 31 as CEO and chairman to run for the U.S. Senate. He will provide transition services for two months as a Safeco employee, the company said.
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