Management ChangeJul 15, 2026, 05:16 PM
Hanover Insurance CEO John Roche to Retire; Richard Lavey Named CEO-Elect
AI Summary
The Hanover Insurance Group, Inc. announced that John C. Roche will retire as President and CEO and as a member of the Board of Directors, effective December 31, 2026. Richard W. Lavey, the current Chief Operating Officer, has been appointed CEO-Elect and is expected to assume the CEO role and join the Board on January 1, 2027. The company highlighted a smooth transition, with Mr. Roche remaining in an advisory capacity for a short period post-retirement. Mr. Lavey has a long tenure with the company, having joined in 2004 and holding several key leadership positions.
Key Highlights
- John C. Roche will retire as President and CEO and Board member of Hanover Insurance effective December 31, 2026.
- Richard W. Lavey has been appointed CEO-Elect, with the intent to become CEO on January 1, 2027.
- Mr. Lavey is expected to be elected to the Board of Directors effective January 1, 2027.
- Mr. Roche will remain with the company in an advisory capacity until January 8, 2027.
- Mr. Lavey, 59, has served as Executive Vice President and Chief Operating Officer since March 2025.
- Mr. Lavey joined Hanover Insurance in 2004 and has held various executive leadership positions.
Price Impact
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