The Progressive Corp. published a statement that the company mourned the loss of its former chief executive officer and chairman, Glenn Renwick.
According to the statement, Renwick passed away on Friday, May 16 at the age of 69.
“Glenn’s contributions to Progressive were enormous, but one of the first things that comes to mind as I reflect on his work is his commitment to our Core Values,” said current CEO Tricia Griffith in an internal post to the company. “He was a standard bearer for them, living them fully and intentionally every day,” she said.
“Glenn was an incredible leader and all he ever wanted to do was leave Progressive better than he found it. Without doubt, he accomplished that,” Griffith said.
Renwick’s career at Progressive spanned 32 years, half of which he served as CEO. Over that 32-year period, Progressive’s annual revenues grew from about $750 million in 1986 when Renwick was hired to nearly $27 billion at the time of his retirement, the company said in a media statement.
The statement highlighted Renwick’s integrity, leadership skills, business acumen and innovative approach, all of which “dramatically affected the financial and competitive position of the company he led, as well as the lives of the people with whom he worked.”
Related: Progressive Insurance CEO on 5 Macro Trends of Note
His ultimate goal was for Progressive to become U.S. consumers’ top choice for auto insurance, the statement said, citing an ambition he expressed often for the company.
Since he stepped down as CEO in 2016, the company continued its growth under the leadership of his chosen successor, Griffith.
Source: Progressive Corporation
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