Liberty Mutual shakes up executive team

Liberty Mutual shakes up executive team | Insurance Business America

Liberty Mutual shakes up executive team

Just a short time after CEO David H. Long announced his retirement, Liberty Mutual has now revealed a couple of key appointments within its executive team, as two other members announce their departures by the end of the year.

The company has named Monica Caldas (pictured above) as executive vice president and chief information officer, effective January 2023. Upon her appointment, Caldas will join the company’s executive leadership team and report to upcoming new CEO Tim Sweeney.

Caldas was promoted to deputy CIO in March; in that role she was responsible for the technology roadmap across the organization’s three business units – Global Risk Solutions, Global Retail Markets (GRM) and Liberty Mutual Investments. She was previously the executive vice president and global CIO for GRM. Before she joined Liberty Mutual in 2018, she worked at General Electric for 17 years.

The appointment of Caldas comes after current executive vice president and CIO James McGlennon announced his retirement by the end of 2022. McGlennon joined Liberty Mutual in 2007, and, as CIO of agency markets, he helped the company earn a spot on Computerworld’s “Best Place to work in IT” list for two straight years.

Liberty Mutual has also tapped Damon Hart (pictured immediately above) to serve as secretary, also effective January 2023. This new role is in addition to Hart’s current responsibilities as executive vice president and chief legal officer, and he will also report to upcoming CEO Tim Sweeney.

Hart joined Liberty Mutual in 2014, and most recently served as deputy chief legal officer. He also held the position of senior vice president and deputy general counsel for litigation and coverage. Hart had also spent several years as deputy general counsel for employment legal.

Hart will take over the secretary responsibilities from the current executive vice president, corporate secretary and chief of staff to the CEO Mark Touhey , who announced his retirement at the end of 2022. Touhey has worked at Liberty Mutual for 28 years, serving in multiple senior leadership positions across the Global Risk Solutions business unit, as well as the talent and enterprise services and corporate finance departments.

Read more: Liberty Mutual's David H. Long announces retirement; CEO successor named

Liberty Mutual chairman and CEO David H. Long announced his retirement earlier this month; he also revealed that he would be succeeded by Tim M. Sweeney. Sweeney will become the company’s 10th CEO in its 110-year history.