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Member, Beacon International Group, Ltd.
Mary Todd Peterson
Chief Operating Officer and Chief Executive Officer Designee
Medmarc Insurance Group
Chantilly, Va.
Age: 52
Mary Todd Peterson on Jan. 1 will become CEO of Medmarc Insurance Group, a company she joined in 2001 as vp and chief financial officer. Ms. Peterson was promoted to chief operating officer earlier this year. In 2005, she led the creation of a comprehensive strategic plan for the company. A certified public accountant, she was a partner with Johnson Lambert & Co., a public accounting and consulting firm specializing in insurance companies, from 1993-2001. Ms. Peterson, who began her career with the former Ernst & Ernst accounting firm, completed the Duke University Fuqua School of Business Advanced Management Program this year.
What would you change: "I think the one thing I would change would be irrational pricing. The industry goes through cycles, and sometimes prices decrease without sound basis. We need to have a more consistent rationale for pricing."