Minn. SFM President, CEO Announces Plans to Retire

SFM President and CEO Pat Johnson plans to retire in 2007, the company announced today. Johnson, assumed the role of president and CEO in 1992. SFM describes itself as the largest writer of workers’ compensation in Minnesota and a growing leader regionally.

Johnson is planning to retire in late spring. SFM Board Chair Truman Jeffers said a board search committee will engage an independent firm to conduct a nationwide search, including also consideration of candidates within SFM’s leadership team.

Johnson, 57, anticipates staying active in industry affairs, but looks forward to more time to devote to other interests. “For starters,” she said, “my husband and I are planning to take on the Inca Trail, hiking in the Andean mountains to Machu Picchu.”

SFM, formerly known as State Fund Mutual Companies, is a Bloomington, Minn.-based, customer-owned mutual insurance company providing Minnesota and Wisconsin employers with workers’ compensation coverage.

Source: SFM