Kemper has announced that its President and Chief Executive Officer (CEO), and current director, Joseph P. Lacher, Jr., will take on the additional role of Chairman the Board, effective immediately.
Lacher assumes the position from Robert J. Joyce, who has transitioned from the role of non-executive chairman to independent lead director.
Lacher joined the firm in November 2015 as President, CEO and director. Prior to joining, he served in a number of senior executive roles in the insurance industry, including president of Allstate Protection, where he led the property and casualty offerings.
Previously, he spent 18 years at the Travelers Companies ultimately serving as executive vice president of Personal Lines and Select Accounts.
Joyce commented: “Over the last five-plus years as president and CEO, Joe has demonstrated strong leadership in establishing a clear vision and strategy for Kemper’s long-term growth, which makes him well qualified to serve as chairman.
“Joe has built an experienced leadership team that enables us to meet the evolving needs of our customers and positions Kemper to succeed amidst the changing nature of the industry. The board has full confidence in the strategy that Joe is executing and his ability to lead the board.”
Lacher added: “I want to thank the board for this additional leadership opportunity and their confidence and support.
“The combination of the strength of Kemper’s specialty businesses and dedicated employees make this an exciting time for the company, and I’m grateful to be a part of our next phase of growth.
“I also want to thank Bob for his leadership as chairman and dedication to making Kemper a better company during his service. He’s been a champion of our commitment to elevate the value and strength of the board and company through increased diversity, as well as advancing board oversight of our ESG efforts.
“I’m proud of the progress we’ve made under Bob’s guidance and look forward to continuing to work with him and the entire board, whose quality and wide range of expertise remain an advantage for Kemper.”