Wawanesa Insurance Transitioning Leadership: Goy to Johnston

Author: Evelyn Baker Updated: 09-18-2024 03:13 PM

Wawanesa Insurance Announces Major Leadership Change

In a significant announcement from Wawanesa Mutual Insurance Company, the upcoming retirement of Jeff Goy has been confirmed. After an impressive 35-year career, including nearly 11 years in the role of President & CEO, Goy will step down to allow new leadership to emerge. The company's Board of Directors has appointed Evan Johnston as the 10th President & CEO, effective January 1, 2025, ushering in a new era for Wawanesa.

Reflections on Jeff Goy's Impact

During his tenure at the helm, Jeff Goy transformed Wawanesa into a formidable player in the Canadian insurance market. He has been instrumental in positioning the company as a leader in the property and casualty sectors, working diligently to enhance its reputation and to strategically prepare it for the future.

Catherine Best, Chair of Wawanesa's Board of Directors, expressed gratitude for Goy's contributions: "Jeff's leadership has been pivotal for us over the last decade. We owe him a great deal for his dedication and vision that guided Wawanesa through transformative growth. We extend our heartfelt thanks and wish him the very best in his retirement."

Introducing Evan Johnston as Incoming CEO

Evan Johnston, the current Executive Vice-President of Strategy & Related Businesses, will take on the responsibilities of President & CEO. Johnston has an extensive background in business strategy, backed by an impressive legal and financial education. His close working relationship with Goy over the last eight years positions him well to lead the company effectively.

Johnston shared his enthusiasm for the new role: "I'm honored to take on this responsibility and excited for the journey ahead. Building upon Jeff's legacy, we will continue to drive growth and innovation while respecting our unique mutual insurer culture."

Future Directions Under New Leadership

With Goy and Johnston working side by side for the next four months, a smooth leadership transition is planned. Johnston aims to leverage Wawanesa's strong foundation as they navigate changes within the industry, with a commitment to maintaining leadership status across all Canadian markets.

Overview of Wawanesa Mutual Insurance Company

Founded in 1896, the Wawanesa Mutual Insurance Company has grown to be one of Canada's largest mutual insurers, boasting over $3.5 billion in annual revenue and total assets amounting to $10 billion. The company not only provides robust insurance products through its subsidiary, Wawanesa Life, but also actively engages in community welfare, donating over $3.5 million annually to various charitable organizations. With more than 1.7 million members, Wawanesa is dedicated to enhancing the quality of life in the communities it serves.

Frequently Asked Questions

Who is the current CEO of Wawanesa Insurance?

The current CEO, Jeff Goy, will retire soon, with Evan Johnston set to take over.

How long has Jeff Goy been with Wawanesa?

Jeff Goy has been with Wawanesa for 35 years, including nearly 11 years as CEO.

What will Evan Johnston focus on as the new CEO?

Evan Johnston aims to continue the company's growth and innovation while honoring its mutual insurer culture.

When will Evan Johnston officially start as CEO?

Evan Johnston is set to officially assume the role of CEO on January 1, 2025.

How does Wawanesa contribute to community welfare?

Wawanesa contributes over $3.5 million annually to charitable organizations, with a focus on supporting those affected by climate change.

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