Wole Coaxum steps down from Selective board

Wole Coaxum has resigned from Selective’s board, effective immediately, to focus on other professional commitments. His departure reduces the board to 11 members, 10 of whom are independent.

“It has been an honor and a privilege to serve on Selective’s Board for the last five years, especially given its consistent commitment to policyholders and independent agents. The company is well-positioned for the future, with its focus on talent development and execution against its strategic vision. As I shift my full attention to Mobility Capital Finance Inc., I am extremely confident in the team’s ability to deliver value for shareholders and positively impact the communities Selective serves.” – Coaxum.

“On behalf of the Board and the entire team, I want to express my deep gratitude to Wole Coaxum for his significant contributions to Selective. Wole brought us a unique perspective, drawing on his experiences as an executive leader with some of the world’s largest insurance and finance companies and as an entrepreneur addressing financially underserved communities. We respect Wole’s need to focus on the company he founded, but we will miss his great insights on strategy, business, and people.” – Chairman, President and Chief Executive Officer, John J. Marchioni.