RICHMOND, Va., Dec. 18,
2023 /PRNewswire/ -- Markel Group Inc. (NYSE: MKL)
announced that Brian Costanzo,
currently the Chief Financial Officer of its insurance business,
Markel, has been appointed Chief Financial Officer of Markel Group,
effective today. He replaces Teri
Gendron, who will leave the company on December 31, 2023. Costanzo will also maintain
his role as Chief Financial Officer of the insurance business.
Markel Group made several changes earlier this year to further
define the nature and structure of the holding company. Building on
Gendron's work, Costanzo will play a key role as the company
continues this journey to take full advantage of the three-engine
system that it built over the past 20 years with its insurance,
investment, and Markel Ventures operations.
Costanzo has been with Markel Group for 14 years, and he has
held several leadership positions, including four years as
Controller, two years as Chief Accounting Officer, and most
recently as Chief Financial Officer of the insurance engine. He has
a substantial track record leading high-performing finance teams
and ensuring financial discipline. In this combined role, Costanzo
will oversee and manage all financial operations for the insurance
engine and holding company.
"Brian is a proven leader who will ensure our financial
discipline and help drive long-term profitable growth," said
Tom Gayner, Chief Executive Officer.
"I want to thank Teri for her contributions in helping us evolve
the CFO function at the holding company level."
As part of this transition, Meade Grandis, currently Managing
Director of Accounting Policy and Reporting, will be named Chief
Accounting Officer and Controller of Markel Group. She has been
with the company for 13 years and has more than 20 years of
experience in financial reporting, accounting, and audit.
About Markel Group
Markel Group Inc. (NYSE: MKL) is a
diverse family of companies that includes everything from insurance
to bakery equipment, building supplies, houseplants, and more. The
leadership teams of these businesses operate with a high degree of
independence, while at the same time living the values that we call
the Markel Style. Our specialty insurance business sits at the core
of our company. Through decades of sound underwriting, the
insurance team has provided the capital base from which we built a
system of businesses and investments that collectively increase
Markel Group's durability and adaptability. It's a system that
provides diverse income streams, access to a wide range of
investment opportunities, and the ability to efficiently move
capital to the best ideas across the company. Most importantly
though, this system enables each of our businesses to advance our
shared goal of helping our customers, associates, and shareholders
win over the long term. Visit mklgroup.com to learn more.
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SOURCE Markel Group