Grange Insurance announces CFO transition
Grange Insurance Company is preparing for a smooth handoff in its top finance role. The company has named Cheryl McRae Lebens as Chief Financial Officer, effective January 1, 2025. The appointment follows the planned retirement of Terri Brown, who concludes a 35-year career in the Property and Casualty (P&C) insurance industry. It’s a moment of continuity—honoring a tenure of steady stewardship while setting up the next chapter.
Saluting Terri Brown’s impact
During her eight years at Grange, Terri Brown played a central role in the company’s stability and direction. A respected voice in the P&C market, she guided Grange through volatile cycles and shifting economic conditions. President and CEO John Ammendola expressed deep appreciation for Brown’s calm financial leadership and her ability to steer through challenging periods the industry has faced.
Recognition that reflects steady performance
Even amid industry headwinds, Grange Insurance’s financial strength has been reaffirmed by A.M. Best. The global rating agency maintained the company’s “A” (Excellent) rating with a stable outlook. That consistent vote of confidence is widely viewed inside the organization as a testament to Brown’s disciplined leadership and the finance team’s focus on fundamentals.
Cheryl McRae Lebens steps into the CFO role
Grange moves into this transition with confidence. As incoming CFO, Cheryl McRae Lebens brings a track record of execution and collaboration. She has led Grange’s Personal Lines organization, consistently sharpening performance in tough market conditions and helping the company make clear, data-informed choices. Her work shaping corporate strategy has been a key part of how Grange has navigated recent industry challenges.
Experience that spans product, finance, and strategy
Lebens has spent more than 12 years at Grange in roles that knit together product, finance, and enterprise planning. As President of Personal Lines, she oversaw end-to-end product strategy and development, translating customer needs into offerings that fit the market. Earlier, she led financial planning and analysis at Grange, experience that now underpins her move to CFO. Before joining Grange, she held leadership roles at Nationwide Insurance and Safeco Insurance, contributing to nearly 30 years in the insurance field.
Community engagement and education
Beyond her day-to-day responsibilities, Lebens is active in civic and industry work. She serves on the boards of trustees for YWCA Columbus and St. Vincent Family Services and on the board of directors for the Ohio Insurance Institute. She holds both a bachelor’s degree and an MBA from the University of Washington—training that complements her practical experience and community focus.
About Grange Insurance
Founded in 1935, Grange Insurance Company maintains $3.2 billion in assets and generates over $1.5 billion in annual revenue. The company provides auto, home, and business insurance through a broad network of independent agents, serving customers across multiple states. The aim is straightforward: dependable protection, delivered locally, with a focus on long-term relationships.
Frequently Asked Questions
Who will be Grange Insurance’s CFO starting January 1, 2025?
Cheryl McRae Lebens will assume the role of Chief Financial Officer effective January 1, 2025.
What is changing with Terri Brown’s role?
Terri Brown is retiring after a 35-year career in the P&C insurance industry, following eight years of service at Grange.
How is Grange Insurance rated by A.M. Best?
A.M. Best reaffirmed Grange Insurance’s “A” (Excellent) financial strength rating with a stable outlook.
What experience does Cheryl McRae Lebens bring to the CFO position?
She has over 12 years at Grange in leadership roles across Personal Lines and financial planning and analysis, plus prior experience at Nationwide Insurance and Safeco Insurance, totaling nearly 30 years in the industry.
What does Grange Insurance offer, and how large is the company?
Grange provides auto, home, and business insurance through independent agents. Founded in 1935, the company has $3.2 billion in assets and more than $1.5 billion in annual revenue.
