WARWICK – Michele Streton has been named CEO and president Providence Mutual, the mutual insurance company announced Thursday.
Streton previously served as vice president and chief operating officer, personal lines of The Hanover Insurance Group Inc.
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Streton joined the company on Jan. 4 and will be elected to the position on Feb. 23 at the company’s annual policyholder meeting. She will succeed Sandra Parrillo, who will retire after working for the company for more than 40 years. Parrillo will continue to serve as a member of the company’s board of directors.
“For me, Providence Mutual is my home and my family. We have a strong company here. We have a very strong balance sheet and a powerful culture,” Parrillo said in a statement. “It was of utmost importance that we select the right individual for this role – and Michele is that leader.”
Parrillo has served as the company’s president and CEO since 2000, when she became the company’s first female leader.
“It is an honor to be selected as Providence Mutual’s president and CEO and continue the legacy of female leadership,” said Streton. “I am confident in the future of the company and I look forward to working with our leadership team, employees, independent agents, and business partners to further our mission to provide service, security, and stability to our policyholders.”
