17/02/2017 18:13:13

Progressive Announces 2017 Annual Meeting Dates and Management Change

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MAYFIELD VILLAGE, OHIO  -  February 17, 2017 -  The Progressive Corporation (NYSE: PGR) today announced that the Board of Directors took the following actions:

The Board fixed the close of business on March 17, 2017, as the record date for the determination of shareholders entitled to notice of, and to vote at, the Annual Meeting of Shareholders scheduled to be held on May 12, 2017.

Also, the Board elected Daniel P. Mascaro as its new Chief Legal Officer, Secretary, and Vice President to be effective March 1, 2017, after the retirement of Charles E. Jarrett. Mr. Jarrett has held these positions since joining Progressive in 2000.

Mr. Mascaro joined Progressive in 2002, leading the Corporate Legal Litigation Group. Since then, he has held a variety of leadership positions across the organization including Media Business Leader, Personal Lines General Manager for the Central Region, and, for the last four years, Claims Legal Business Leader. Prior to Progressive, Mr. Mascaro was a partner in the BakerHostetler law firm.

"For the last 16 years, Chuck has played a vital role in the growth of Progressive, helping it become a recognizable, national brand," said Tricia Griffith, President and CEO of Progressive. "His leadership, commitment, and integrity will be greatly missed. I'm thrilled to have Dan join our Executive Leadership Team. His extensive knowledge and experience of both our business and legal groups are invaluable assets. I look forward to working with Dan to make Progressive the number one choice and destination for auto and other insurance."

Mr. Mascaro holds a bachelor's degree in electrical engineering and a law degree from the University of Notre Dame.

About Progressive

The Progressive Group of Insurance Companies makes it easy to understand, buy and use auto insurance. Progressive offers choices so consumers can reach us whenever, wherever and however it's most convenient-online at http://www.progressive.com, by phone at 1-800-PROGRESSIVE, on a mobile device or in-person with a local agent.

Progressive provides insurance for personal and commercial autos and trucks, motorcycles, boats, recreational vehicles, and homes. Home insurance is underwritten by select carriers, including American Strategic Insurance Corp. and subsidiaries (ASI), our majority owned subsidiaries.

Progressive is the fourth largest auto insurer in the country; a leading seller of motorcycle and commercial auto insurance; and through ASI, one of the top 20 homeowners carriers. Progressive also offers car insurance online in Australia at http://www.progressiveonline.com.au.

Founded in 1937, Progressive continues its long history of offering shopping tools and services that save customers time and money, like Name Your Price®, Snapshot® and Service Centers.

The Common Shares of The Progressive Corporation, the Mayfield Village, Ohio-based holding company, trade publicly at NYSE:PGR.

Company Contact:

Julia Hornack

(440) 395-2164

The Progressive Corporation

6300 Wilson Mills Road

Mayfield Village, Ohio  44143


This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.

The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.

Source: The Progressive Corporation via Globenewswire

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