Westfield Insurance announces three appointments to board of directors

Westfield Insurance, a super-regional property and casualty insurance carrier, has appointed three new members to its board of directors. Each of the three brings a wealth of financial and leadership experience to continue the company’s momentum and build on its strong financial position. Westfield is rated “A” (Excellent) for financial strength by A.M. Best and has had an “A” or higher rating for the past 75 years.

“I am especially excited to welcome our new board members,” said Westfield Insurance President, CEO and Board Chair Ed Largent. “It gives me great pride to work with new leaders who will continue our traditions and leverage their vast experience to help make Westfield Insurance an industry leader.”

The new board members are John P. Lanigan Jr., dean of the School of Business at Baldwin Wallace University; Craig D. Pfeiffer, president and CEO of the Money Management Institute; and Billie K. Rawot, former senior vice president and controller for Eaton Corp.

“John, Craig and Billie will complement our current board members with their proven competencies in financial solutions, sales and marketing and strategic planning,” Largent said.

Lanigan has been dean of the BW School of Business since May 2014 and served on the university’s board of trustees from 2010-13. Before joining BW in 2013, he retired as executive vice president and chief marketing officer for BNSF Railway Co., a Berkshire Hathaway company with headquarters in Fort Worth, Texas. He was previously employed for 16 years at Schneider National Inc., a premier transportation and logistics provider, where he held leadership roles, including COO.

“As the dean of the school of business, to be involved with a company like Westfield helps me remain engaged in the business community,” Lanigan said. “It’s a great opportunity for me to stay involved in a different way through the insurance industry. The whole concept of managing and mitigating risk is something that was part of my business career in transportation services, and obviously it's a huge facet within the insurance industry. There is a great parallel for my business career and experiences to the insurance industry.”

Lanigan previously served on the board of Westfield Bank, completing a two-year term June 30.

Pfeiffer is president and CEO of the Money Management Institute, a leading voice for global financial service organizations. He spent 29 years with Morgan Stanley Smith Barney and its predecessor firms, capping off his career there in a progression of senior leadership positions. In 2012, he founded Advisors Ahead LLC, where, as CEO, Pfeiffer has worked to elevate the professionalism of the investment advice industry and the development of financial advisors.

“I am excited to join such a respected organization that clearly cares about policyholders first and has a real dedication and discipline to appropriate governance,” Pfeiffer said. “It’s a privilege to bring my leadership in financial services to the Westfield board, and with the rapidly evolving regulatory environment, global financial markets, technology and distribution models, I believe my experience will complement the proven expertise on the board.”

Rawot was senior vice president and controller for Eaton Corp. for 22 years, retiring in 2013. She had responsibilities for corporate governance, finance, control and risk management, and accounting. During her 36-year tenure at Eaton, she led corporate growth activities, managed and controlled global risk and expansion and drove operational excellence. Rawot is also a certified public accountant.

Like Lanigan, she previously served on the board of Westfield Bank, completing eight years on June 30. She has also chaired the Audit and Enterprise Risk Management Committee and has been a member of the Assets and Liabilities Committee and the Compensation Committee.

“I can leverage my business experience – with my forte being in finance and controllership – as a board member as Westfield continues to grow its line of business,” Rawot said.

“This is an expanded opportunity for me to work with the Westfield Group. I am passionate about Northeast Ohio and its businesses, so I look forward to a continued relationship with another premier Northeast Ohio company.”

About Westfield Insurance
Westfield Insurance is a part of Westfield Group, a customer-focused insurance and banking group of businesses headquartered in Westfield Center, Ohio, and in business for more than 167 years. Westfield Insurance provides commercial insurance in 21 states, personal insurance in 10 states and surety services to customers in 50 states. Westfield is one of the nation’s 50 largest property and casualty insurance groups, represented by a network of more than 1,000 independent insurance agencies. Westfield Insurance was named as a Top Workplace in northeast Ohio in 2014 and as a Top Workplace in central Ohio in 2015. Westfield Bank provides banking solutions for businesses and individuals, and Westfield Services provides service and training support for independent insurance agencies. Learn more about Westfield Group at www.WestfieldInsurance.com and www.Westfield-Bank.com.

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