Safeco said it has named financial services veteran Ross Kari as the company's executive vice president and chief financial officer, effective June 21.
Mr. Kari joins the Seattle-based property-casualty insurer from the Federal Home Loan Bank of San Francisco, where he has served as executive vice president and chief operating officer since 2002.
Safeco said that in his previous position Mr. Kari directed the bank's operational divisions, including financial management, sales and marketing, credit and collateral risk management, controllers, information services, and community investment.
Prior to Federal Home Loan Mr. Kari worked for 18 years at Wells Fargo & Company in San Francisco, starting as a financial analyst in 1983 and ending his tenure as executive vice president and chief financial officer.
Safeco said the new CFO was selected following a five-month nationwide search. He replaces Christine Mead, who left the company in December 2005. He will be a member of chief executive officer Paula Reynolds' executive team, responsible for overseeing Safeco's financial operations.
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