Michael Angelina, a board member of Hagerty, Inc. (NYSE: HGTY), has announced his retirement from the company's Board of Directors and its committees, effective April 2, 2024. Angelina's departure, announced on Monday, is not due to any disagreements with the company, according to a recent 8K SEC filing.
Angelina, who also serves on the Board's Nominating and Governance Committee and Talent, Culture, and Compensation Committee, will continue his tenure with the company's wholly-owned captive reinsurance subsidiary, Hagerty Reinsurance Limited (Hagerty Re). His decision to step down from Hagerty Inc.'s board comes after a period of service that the company acknowledges with gratitude.
The company has expressed its appreciation for Angelina's contributions to the board and looks forward to his continued involvement with Hagerty Re. As of now, no further details regarding a successor on the Board of Directors have been disclosed.
Hagerty, Inc., known for its specialty in the insurance and automotive enthusiast space, is navigating this transition while maintaining its corporate governance and strategic oversight. The announcement is based on the formal statement released by the company and does not reflect any internal conflicts or issues.
The information reported here is derived from Hagerty's official communication with the SEC, providing stakeholders with transparency regarding changes within the company's leadership structure.
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