Mr. MacLean has been with Travelers for three decades
Travelers has announced this month that its long-time President and Chief Operating Officer, Brian MacLean will step down in 2018. Mr. MacLean, who has been with the Connecticut-based insurer for the past 30 years, will officially retire on March 31, 2018.
“Brian has made extraordinary contributions to Travelers over a spectacular 30-year career,” said Chairman and Chief Executive Officer Alan Schnitzer. “He has been an integral part of our leadership team for more than a decade, helping to build Travelers into the company it is today. We are deeply grateful for his leadership and dedication and wish him all the best in his next chapter.”
MacLean said, “It has been a privilege to be part of this company for three decades, working alongside the very best in the industry. I am fortunate to call so many of them my close friends, and I couldn’t be more confident in their and the company’s continued success.”
Realignment of leadership
Travelers also has announced that it will be realigning its reporting structure in the wake of Mr. MacLean’s announcement. The insurer will implement the following changes in its report structure in anticipation of Mr. MacLean’s retirement, in order to effectuate a seamless transition to a new leadership at the insurer after three decades.
In responce, Michael Klein, who leads Personal Insurance; Tom Kunkel, who leads Bond & Specialty Insurance; Nick Seminara, who leads Claim and Special Liability Group; Kevin Smith, who leads International; and Greg Toczydlowski, who leads Business Insurance, will report to Traveler’s Chairman and Chief Executive Officer Alan Schnitzer.
The company announced no further plans regarding its search for a successor for Mr. MacLean.
