Safeco announced today it has chosen a veteran of the utilityindustry, Paula Rosput Reynolds, to head the Seattle-basedinsurer.

Ms. Reynolds will take over as the company's new president andchief executive officer effective Jan. 1, 2006. Reynolds also wasappointed to Safeco's board of directors, the company said.

She will replace Mike McGavick who is stepping down to run forthe Washington State U.S. Senate seat.

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