Safety National Releases Management Succession Plan

After three decades with the company, Chief Executive Officer Terrence Schoeninger will retire. Upon his retirement, the company said current President and Chief Underwriting Officer Mark Wilhelm will become the company's new chief executive officer. Schoeninger will remain a member of Safety National's board of directors, the company said.

Safety National said that, in addition to these changes, Gerald Scott, who has been with Safety National for 26 years and is currently its chief operating officer, will assume the role of president. Current Chief Financial Officer Duane Hercules, the company said, will become the company's new chief operating officer. Hercules has been with Safety National for 25 years.

"Terry Schoeninger has played a critical role in the growth of Safety National over his 30-year tenure with the company," Wilhelm said. "Our current position as an industry leader is due in large part to his leadership and direction. During his tenure as CEO, the company's revenue grew by 228 percent and its surplus grew by 335 percent. The Safety National management team has worked together for 25 years, and we are confident that the succession of existing members of that team to their new roles will continue the consistent and excellent leadership that has built this company into what it is today."

Schoeninger started with Safety National in 1979 as assistant general counsel and moved up the ranks to president and CEO in 1995. Wilhelm began his career at Safety National as an underwriter in 1977, taking on the roles of president and CUO in 2007.