The board of directors of Erie Indemnity Company has selected Terrence Cavanaugh as the new president and CEO of the company, effective July 29, 2008, at which time he will also be elected to the company's board of directors.
Mr Cavanaugh comes to The Erie from Chubb Corporation where he has most recently served as the senior vice president and COO for its surety business.
John Brinling, Erie interim president and CEO since August 2007, will remain available for a period to support Mr Cavanaugh’s transition into Erie before returning to retirement.
Thomas Hagen, chairman of the board of directors and chairman of CEO search committee at Erie, said: Terry brings tremendous industry experience and knowledge to the position. He has excelled as a leader and possesses a strong commitment to the same core values that have made the Erie distinctive in the marketplace and ‘Above All in service’ since 1925.