NI Holdings, Inc. Welcomes New Leadership Under Seth Daggett

NI Holdings, Inc. Introduces Seth C. Daggett as New CEO

NI Holdings, Inc. (NASDAQ: NODK) is proud to announce the appointment of Seth C. Daggett as the new President and Chief Executive Officer. This significant leadership transition is set to take effect on December 1, 2024. Mr. Daggett’s extensive background and two decades of experience in the industry will serve the company well as it navigates its next phase of development.

A Vision for the Future

Daggett, who previously held the role of Chief Financial Officer and Treasurer for NI Holdings, expressed his enthusiasm for stepping into the CEO position. He stated, "It is an honor and privilege to have the opportunity to lead this outstanding organization." Mr. Daggett emphasized his commitment to teamwork, stating his eagerness to collaborate with the talented employees and agents dedicated to serving their customers and communities daily.

Transition of Leadership

As Daggett takes on this new role, he succeeds Cindy L. Launer, who stepped in as Interim CEO during the search for a permanent leader. Chairman of the Board, Eric K. Aamundstad, recognized Launer’s invaluable contributions during this transition, thanking her for her leadership. He conveyed confidence in Daggett's ability to guide the company moving forward.

New Responsibilities Within the Company

As part of this leadership change, Cindy L. Launer will revert to her previous position as an independent non-executive director on the NI Holdings Board from the same date. Additionally, Matt Maki, the existing Vice President of Financial Planning and Analysis, will assume the role of Interim CFO starting December 1, 2024. The search for a permanent CFO will commence immediately, although a timeline has not been established yet.

Meet Seth Daggett

Seth Daggett's extensive experience makes him an asset to NI Holdings. Prior to joining the company, he served as CFO and Treasurer at RAM Mutual Insurance Company. His career began at Deloitte as an auditor before moving on to various roles at Travelers Companies, where he spent more than a decade and held positions, including Senior Director of Finance. A proud graduate of the University of North Dakota, Daggett resides in West Fargo, North Dakota, with his family.

Introducing Matt Maki

Matt Maki, the new Interim CFO, has served as Vice President of Financial Planning and Analysis at NI Holdings. Previously, he was Vice President of Accounting and Treasurer for RAM Mutual Insurance Company and began his career as an auditor at Ernst & Young. Maki has held various roles in international finance, financial reporting, and treasury at Travelers Companies. He is an alumnus of the University of Wisconsin - Eau Claire and lives in Duluth, Minnesota, with his family.

Overview of NI Holdings, Inc.

NI Holdings, Inc. operates as an insurance holding company and is incorporated in North Dakota. The company acts as the stock holding company of Nodak Insurance Company, having undergone a transformation from a mutual to a stock form organization. This conversion allowed Nodak Insurance Company to become a wholly owned subsidiary, ensuring a streamlined and effective governance structure for the organization.

Frequently Asked Questions

Who has been appointed as the new CEO of NI Holdings?

Seth C. Daggett has been appointed as the new President and Chief Executive Officer of NI Holdings, effective December 1, 2024.

What will happen to the former CEO, Cindy L. Launer?

Cindy L. Launer will return to her position as an independent non-executive director on the NI Holdings Board.

Who is the new Interim CFO?

Matt Maki will take over the role of Interim Chief Financial Officer as of December 1, 2024.

What was Seth Daggett's role before becoming CEO?

Before his appointment as CEO, Seth Daggett served as the Chief Financial Officer and Treasurer for NI Holdings.

What does NI Holdings, Inc. specialize in?

NI Holdings, Inc. is an insurance holding company that manages Nodak Insurance Company and its subsidiaries.

About Investors Hangout

Investors Hangout is a leading online stock forum for financial discussion and learning, offering a wide range of free tools and resources. It draws in traders of all levels, who exchange market knowledge, investigate trading tactics, and keep an eye on industry developments in real time. Featuring financial articles, stock message boards, quotes, charts, company profiles, and live news updates. Through cooperative learning and a wealth of informational resources, it helps users from novices creating their first portfolios to experts honing their techniques. Join Investors Hangout today: https://investorshangout.com/

Disclaimer: The content of this article is solely for general informational purposes only; it does not represent legal, financial, or investment advice. Investors Hangout does not offer financial advice; the author is not a licensed financial advisor. Consult a qualified advisor before making any financial or investment decisions based on this article. The author's interpretation of publicly available data shapes the opinions presented here; as a result, they should not be taken as advice to purchase, sell, or hold any securities mentioned or any other investments. The author does not guarantee the accuracy, completeness, or timeliness of any material, providing it "as is." Information and market conditions may change; past performance is not indicative of future outcomes. If any of the material offered here is inaccurate, please contact us for corrections.