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Old Republic International Corp. said Wednesday that Stephen J. Oberst, currently president and CEO of its risk management underwriting division, will become executive vice president and join the office of the CEO, a senior policy-making body.
Terri E. Minik will succeed Mr. Oberst as president of ORI risk management while retaining her position as chief operating officer of the risk management division, the Chicago-based insurer said in a statement.
W. Todd Gray, ORI’s senior vice president and treasurer, has also been named to the company's office of the CEO, the statement said.
All the changes are effective Oct. 1.
“They augur well for the continuity of long-established governance and operating practices, and for an orderly transition of executive responsibilities,” Al Zucaro, Old Republic’s chairman and CEO, said in the statement.
The insurer made a host of leadership announcements in May 2018.
Old Republic International Corp. on Tuesday named Craig R. Smiddy president and chief operating officer, succeeding R. Scott Rager, who was named executive chairman, as part of senior management appointments that are effective June 1.