It's official: ERIE a new leader.
After a very thorough selection process, the Board appointed ERIE Tim NeCastro as next President and CEO of the company. He succeeds Terry Cavanaugh, who intends to retire later this year after eight years as president and CEO of REA.
Tim held various roles during his 20 years with ERIE. He joined the company in 1996 to manage the internal audit and was promoted to Vice President and Senior controller a year later. In 08, Tim has expanded its experience as senior vice president of what was then the product and service policy, overseeing the customer service, product development and processing areas. Since 2010, Tim has held responsibility for the sales force West Region in the states of Ohio, Indiana, Wisconsin, Tennessee, Illinois, West Virginia and Kentucky.
ERIE Home Office employees attended a news conference on June 1st to present Tim NeCastro as the next top chef ERIE.
"I am in awe of this opportunity," said Tim at the press conference. "It would be hard to describe the sense of honor and humility that I feel. I am grateful to the Board and Terry to see my potential and especially to Terry, to help me sharpen my skills. "
5 facts about Tim
1. It is a family man. Tim is married, and his wife works at Erie Insurance as well. Together they have five children.
2. He cares about the Erie community. Tim is an active supporter of many organizations profit, including the parish of St. Paul and the Sisters of St. Joseph neighborhood network. he is on the board of the latter, which works to revitalize the downtown center where he grew up .
3. It is a numbers guy. Tim holds a bachelor in accounting from Gannon University and holds a Certified public Accountant designation (CPA). Before joining ERIE, he spent 10 years with Ernst & Young and one of the "Big Five" accounting SOEs. He was also the director of finance at Plastek Group, an international manufacturer of plastics.
4. He never wanted to be a CEO. Tim claims he chose an accounting career on the advice of an uncle who told him he could make a good living at it. (This uncle was on hand for Wednesday's press conference.) He says he never dreamed of running a Fortune 500 company
5 . He appreciated receiving a rock star. As a testament to its popularity, the EIRE staff burst into sustained applause and thunderous when Tim was introduced as the next president and CEO at the press conference. This response led the chairman of the board Tom Hagen quipped that it "sounds like a rock star.
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