United Fire Group president and chief executive officer Randy Ramlo said Tuesday he will retire from the company later this year.
Mr. Ramlo joined UFG in 1984 as an underwriter, and since then, he has held a variety of leadership roles, including vice president of fidelity and surety and chief operating officer. He has served as president and CEO since May 2007.
Mr. Ramlo said he’ll continue in his current role until a successor is named, and that he intends to remain in a consulting role to the company during the transition process following the appointment of a new CEO. His anticipated retirement date is Oct. 31, pending the successful completion of an executive search process for his successor.
Mr. Ramlo has been instrumental in building “One UFG,” the company’s strategic plan that prioritizes long-term profitability, diversified growth and continuous innovation in an ever-changing industry.
“It has been an honor to serve as CEO and I am proud of the growth and success of the company during my tenure,” Mr. Ramlo said in a news release. “After 15 years as CEO, the time is right to retire and give a new leader the chance to lead our business – and our culture – into the future.”
“I want to thank Randy for his leadership and dedication to our company,” said Jim Noyce, chairman of the UFG board of directors. “His knowledge of our industry, combined with his ability to build long-lasting relationships, has served our company and its employees, agents, policyholders and shareholders well. He leaves us in a good position to build value well into the future.”