Insurer Erie Insurance announced that it has selected Timothy G. NeCastro to serve as its new president and CEO.
NeCastro replaces Terrence W. Cavanaugh, who retires later this year.
"We followed a thorough and deliberate process to ensure we found the leader from within ERIE who was best suited to build on the success Terry and his predecessors created," said ERIE chairman of the board of directors Thomas B. Hagen. "Tim has excelled as a leader at The ERIE and understands deeply the core values that have made us distinctive in the marketplace."
NeCastro was previously senior vice president and regional officer of Erie’s West Region. He joined the company in 1996 and has served as a manager of internal auditing, senior vice president/controller and senior vice president of product and policy services.
"This experience has given Tim a broad perspective on communities in other parts of the country, as well as the political and regulatory forces that affect our business," said Cavanaugh in a statement.
"For 20 years, I have proudly served alongside the employees and agents at Erie Insurance," NeCastro remarked in an official release. "Together, we've worked to uphold ERIE's leadership position in the industry. I'm humbled to guide us into our next phase of growth and innovation."
NeCastro was previously associated with Plastek Group and Ernst & Young.
He is a graduate of Gannon University.