W. Thomas Forrester has retired from The Navigators Group board of directors at the conclusion of his recent term on May 24, 2012.
Forrester has been a director since 2006 and chairman of the company's audit committee since 2008, as well as a member of the compensation and finance committees. Forrester retired after 23 years with Progressive Corporation in 2007, where he held various senior financial and operating positions including chief financial officer.
While subject to the board's annual re-election, it is anticipated that Geoffrey Johnson will succeed Forrester as chairman of the audit committee. Johnson retired after 41 years with PricewaterhouseCoopers (PwC) in 2010, where he held senior management positions in the U.K., Europe and globally, including chief executive officer of PwC's Bermuda-based professional indemnity captive insurance company. Johnson has been a member of the board and its audit committee since 2011.
"We are grateful to Tom for his years of dedicated Board service," said Stanley Galanski, president and chief executive officer. "He has been a thoughtful and trusted advisor and consistently demonstrated his commitment to our core values of integrity, professionalism and pride, and to the growth of shareholder value."
