Portage Mutual Insurance has announced that current president and CEO John Mitchell will be retiring by the end of this year, and that the board of directors has tapped current COO Wayne Wyborn (pictured) to succeed Mitchell as the new president and chief executive.
Mitchell retires from his duties after serving Portage Mutual for 39 years, having served as the insurance mutual’s president since 2010. According to a company statement, it was under Mitchell’s leadership that Portage Mutual’s vision, mission, and values were enhanced.
The firm highlighted that he strengthened the company’s financial position in preparation for future growth and technological advancements. Portage Mutual also managed to complete a legacy IT replacement project on time and within budget under his leadership, the company said.
"John's commitment to the success of our employees and a focus on the service provided to our policyholders and brokers have been the hallmarks of his career,” said Portage Mutual Insurance board chair Brent Gilbert, who added that Mitchell had worked with the board to update and improve the company’s corporate governance practices and procedures.
Wyborn, whose appointment takes effect January 01, 2023, joined Portage Mutual in 1986. He was later appointed to his current role as executive vice president and chief operating officer in 2010. He has worked together with Mitchell in preparation for this succession opportunity, the company noted.
"I am thrilled to lead a great team of dedicated professionals as we embark on a new five-year plan. Our focus on building an agile and innovative culture will position the company for even greater success moving forward,” said Wyborn. “Our industry has many challenges, but I am confident that we have the people, skills, and dedication necessary to serve and protect our policyholders now and into the future".
