Primary insurer, Cincinnati Financial Corporation has announced a series of officer changes at its subsidiary company, CFC Investment Company.
The changes were approved by the board of CFC Investment Company at its regular meeting held on August 14th, 2020 and includes the appointment of Chairman and Chief Executive Officer (CEO), Steven Johnston, as President of company.
At the same time, Michael Sewell, Chief Financial Officer (CFO) and Senior Vice President (SVP), has been named Chief Operating Officer (COO) of the firm.
Finally, Chief Investment Officer and SVP of Cincinnati Financial, Martin Hollenbeck, will continue to serve as a Director of CFC Investment Company.
Johnston commented on the changes: “Two senior leaders of CFC-I retired this year, so the timing was right to align the reporting structure of CFC-I to more closely match that of our insurance subsidiaries as well as recognizing that certain job functions now report to Mike as our CFO.”
Adding: “I also want to thank Marty for his steadfast leadership of this subsidiary over the past 12 years. He remains a director to help guide the future of this company to best serve the agents, associates and shareholders of our entire organization.”