SAFECO CFO to Retire Dec. 31

Seattle-based SAFECO announced Oct. 9 that Chief Financial Officer Rod Pierson will retire from the company effective Dec. 31.

Through year-end, Pierson, senior vice president and secretary of SAFECO Corp., will continue his present responsibilities. SAFECO has retained Russell Reynolds Associates to help in the search for his replacement.

According to SAFECO president and CEO Mike McGavick, Rod has given over 27 years of great service to the company, and will be missed.

McGavick noted that in particular, his help during this time of transition for the company has been invaluable.