Business
Safety Announces Board Refreshment With the Addition of John D. Farina and Deborah E. Gray
Two New Independent Directors Enhance Extensive Insurance, Finance, Data Privacy and Security, Legal, and Governance Expertise on the Board To File
About this update from Safety Insurance Group, Inc.
[{"type":"text","content":"\nTwo New Independent Directors Enhance Extensive Insurance, Finance, Data Privacy and Security, Legal, and Governance Expertise on the Board\n\nTo File Preliminary Proxy Statement That Includes Proposals to Further Enhance Shareholder Rights\n\n BOSTON--(BUSINESS WIRE)--\nSafety Insurance Group, Inc. (NASDAQ: SAFT) (“Safety” or the “Company”) announced today the appointments of John D. Farina and Deborah E. Gray to its Board of Directors, effective immediately and several governance enhancements for which the Board will solicit support in advance of the upcoming annual meeting of stockholders (the “Annual Meeting”).\nThis press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20220325005066/en/John D. Farina, newly appointed independent director for Safety Insurance Group, Inc. (NASDAQ: SAFT) (Photo: Business Wire)\nChanges in Board of Directors\n\nThe Company today announced the appointment of two directors, Mr. Farina and Ms. Gray, and the retirement of a director.\n\nMr. Farina recently retired from PricewaterhouseCoopers (“PwC”) as a Northeast Managing Partner and as a member of PwC’s Global Board of Directors, where he was a member of the Risk & Quality and Operations Committees. He has over three decades of experience advising both domestic and multinational Fortune 500 companies on financial accounting, regulatory, and tax matters, with a deep expertise in the insurance industry.\n\nMs. Gray joins the Board with over 30 years of experience as a corporate attorney and General Counsel for both publicly traded and private entities in a diverse range of industries, including high tech, ed tech, Software-as-a-Service (SaaS), professional services and life sciences. Her legal and business expertise with high-growth companies, ranging from start-ups to publicly traded multibillion-dollar corporations, are beneficial to Safety, particularly in relation to risk management, compliance, data privacy and security, and corporate governance matters.\n\nMary C. Moran, Chair of the Nominating and Governance Committee commented, “As the Board engaged with dozens of potential Board candidates since our last Annual Meeting, it became clear that Mr. Farina and Ms. Gray were standouts that would be great additions to Safety’s Board. They are both highly respected, independent executives with dem...