The board of directors of ProAssurance Corporation has elected Edward L. (Ned) Rand, Jr., as the company's president and chief operating officer.
He will succeed W. Stancil (Stan) Starnes on July 1, 2019.
On that date, Mr. Starnes will have completed his twelfth year as chief executive officer and will transition solely into the role of executive chairman of the board.
Mr. Starnes said, “Ned Rand stands out as one of the most talented business executives with whom I have ever worked. He has been instrumental in developing the strategic vision for ProAssurance. His grasp of our business, his engagement with our workforce and distribution partners, and his vision for the company's long-term success gives me great confidence in the future of ProAssurance. I look forward to working with him and the board, and seeing the new heights to which ProAssurance will ascend.”
“I am honored to succeed Stan as CEO,” said Mr. Rand. He added, “With the strong foundation that has been built under Stan's leadership, ProAssurance is extremely well positioned for success. I look forward to working with Stan and everyone at ProAssurance as we deliver on the promise of 'Treated Fairly' and continue with the legacy that Stan has established.”
The company also announced that Thomas A. S. Wilson, M.D., will continue to serve as the independent lead director for the board.
Victoria Spears
Victoria Prussen Spears is senior vice president of Meyerowitz Communications Inc., a law firm marketing communications consulting company. A graduate of Sarah Lawrence College and Brooklyn Law School, Ms. Spears was an attorney at a leading New York City law firm before joining Meyerowitz Communications. She may be contacted at [email protected].