NU Online News Service, May 27, 3:13 p.m. EDT
Columbus, Ohio-based Grange Insurance said Phil Urban, 56, its president and chief executive officer, will retire in February 2010. Until then he will continue in his current position assisting with transition to a replacement.
A successor was not announced.
Mr. Urban joined Grange in 1999. Since that time, the company's geographic footprint has more than doubled, and revenues have grown from $716 million to $1.35 billion, with more than $2 billion in assets.
Mr. Urban introduced the company's "Ease of Doing Business" concept, the company's push to enhance products, partnerships and technology.
He also had the company adopt his philosophy of providing a positive influence on communities where it operates. The firm helped to build the Grange Insurance Audubon Center, which is slated to open this summer in downtown Columbus.
"I've spent most of my career–29 years–in the insurance industry, and I've been so lucky to be involved with this great company and its employees and to be able to represent Grange in such a wonderful, vibrant city as Columbus. I couldn't have had a better group to work with than the folks here at Grange, and I'm confident in the success of this company moving forward," Mr. Urban said in a statement. "That being said, I'm ready to move on to the next phase in my life."
Grange Mutual Casualty board chairman Michael V. Parrott said Grange will be looking at internal and external candidates in its search for Mr. Urban's replacement.
© Arc, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to TMSalesOperations@arc-network.com. For more information visit Asset & Logo Licensing.