Insurance agency Propel Insurance has appointed Angelo Fusaro as Chief Financial Officer (CFO), succeeding Pete Hendrick, who has announced his retirement after being in the position for over 16 years.
He comes to Propel, a portfolio company of Flexpoint Ford, with over 20 years of experience in financial and operational management.
Fusaro will be joining from HUB International, a global insurance broker, where he served for 14 years across various senior finance leadership roles.
Prior to his career at HUB International, he held positions at Perdoceo Education Corporation and Ernst & Young.
Kurt Carlson, Chief Executive Officer for Propel commented: “We are grateful to Pete for 16 years of dedicated service, creative skillset and his endless enthusiasm which helped us to build Propel Insurance from $25 million of revenue to over $120 million today.
“We are excited to welcome Angelo to Propel and look forward to his contributions in helping us to continue to execute on the Company’s organic and acquisitive growth strategies.”
Fusaro added: “I am thrilled to be joining the Propel family and admire the tremendous job the team has done to position Propel as a growth-oriented insurance agency.
“Propel’s culture is rare in the industry, and I look forward to accelerating Propel’s continued expansion through both strategic hires and acquisitions.”