Selective Insurance Group, Inc. (Nasdaq: SIGI) today announced that Mark Wilcox, Executive Vice President, Chief Financial Officer, has resigned from Selective, effective November 3, 2023, to become CFO at another financial services company. Mr. Wilcox will continue in his current position until after Selective reports third quarter 2023 earnings.
Anthony (Tony) Harnett, Senior Vice President, Chief Accounting Officer, will then assume the additional role of Interim CFO until a permanent successor is appointed. Selective has initiated a global search process to identify a new CFO.
"Mark has been my trusted partner and an excellent leader of our Finance team for nearly seven years," said John Marchioni, Selective's Chairman, President and Chief Executive Officer. "On behalf of the Board of Directors and our entire team, I thank Mark for his many contributions. Throughout his time with Selective, we have continued to deliver consecutive double-digit non-GAAP operating returns on equity. We are pleased that he will assist us in a seamless transition and wish him well in his future endeavors."
Mr. Wilcox said, "It has been an honor to be a part of Selective and work alongside John and such a talented team. With its strong financial profile and flexibility, I am confident that Selective is well-positioned to continue delivering profitable growth over the long term. I look forward to watching its continued success."
Mr. Marchioni continued, "We are fortunate to have someone of Tony's caliber step into the Interim CFO role. Tony is a seasoned executive with nearly 30 years of finance and accounting experience. Having served as Selective's Chief Accounting Officer since 2016, he has extensive knowledge of the Company and our financials. We are confident that Tony, with the support of our strong Finance team, is well equipped to support the continued execution of our financial priorities while we search for a permanent CFO."
The Company will announce its third quarter 2023 earnings on Wednesday, November 1, 2023, after market close and has scheduled a conference call to discuss results on Thursday, November 2, 2023 at 11:00 AM ET.
About Tony Harnett
Mr. Harnett currently serves as Senior Vice President, Chief Accounting Officer of Selective Insurance. He joined the Company in 1999 as a Senior Accountant and held various finance positions before he was promoted to Vice President, Controller in 2008 and Senior Vice President, Corporate Controller in 2010. He has extensive experience in auditing, financial analysis and reporting, and risk management. Mr. Harnett previously held financial roles at Toys"R"Us and Deloitte. He earned a bachelor's degree in Accounting from Albright College in Pennsylvania and is a member of the American Institute of Certified Public Accountants and the Pennsylvania Institute of Certified Public Accountants.
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