Denver, CO – Ken Ross has announced that he is leaving Pinnacol Assurance. Mr. Ross submitted his resignation, which has been accepted by the Pinnacol Board of Directors.
The workers’ compensation marketplace is undergoing significant change and the years ahead will be challenging. The Board will seek a chief executive with the ability to forge relationships with stakeholders that will allow Pinnacol to evolve and have the operational flexibility necessary to ensure it can continue to serve policyholders, injured workers and their families.
The Board thanks Ken for the past performance of Pinnacol, noting that the company has prospered during his tenure, which began in 2005. Under Ken’s leadership, the company issued seven consecutive dividends and lowered rates over 50 percent between 2006 and 2010. During Ross’ tenure, the company’s policyholder retention rate was over 91 percent and policyholder satisfaction scores were consistently 8.8 or higher on a 10-point scale.
Pinnacol Board Vice Chairman John Plotkin will lead the company until a new CEO can be identified. The search for the new CEO will begin immediately.
Source: Pinnacol