Western Financial Group chief growth officer Grant Ostir (pictured above) will replace chief executive Kenny Nicholls (pictured below) on January 1, 2025.
In its leadership succession announcement, Western said that Nicholls is retiring at the end of 2024 after 13 years with the business and three decades in financial services.
Reflecting on his time at the helm, Nicholls said: “It’s been a true honour to lead the team at Western during my tenure as CEO. We have built a solid foundation and commitment to care for our people, our partners, our communities, and our customers – something I feel very passionate about.
“I am proud of our accomplishments which have seen Western being recognized as a top employer with industry-leading customer satisfaction ratings. While I’ll miss our teams and the great work we’re doing, I am confident in Grant’s leadership to continue to build on our success.”
For the rest of the year, the outgoing chief executive will collaborate closely with his successor to ensure a seamless transition.
Evan Johnston, executive vice president of strategy and related businesses at The Wawanesa Mutual Insurance Company, said: “Grant’s extensive experience and proven track record in driving sales and growth strategies position him to lead our next phase of development.
“This appointment reflects our commitment to continuity and meeting our strategic objectives. We’re confident, under Grant’s leadership, Western will continue to thrive and achieve new milestones.”
The Wawanesa Mutual Insurance Company owns Western’s parent firm, Trimont Financial.
Johnston added: “We are optimistic about the future of Western. Grant’s leadership, combined with the dedication and expertise of each one of our Western team members, positions us firmly for continued success. We see immense opportunities ahead and are eager to embark on this next chapter together.”
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