Progressive Appoints First Female Board Chair
The Progressive Corporation’s board of directors elected Lawton W. Fitt as chairperson. A retired partner and managing director with Goldman Sachs, Fitt joined Progressive’s board in 2009, and served as lead independent director for the past two years.
According to the company, Progressive is currently the only publicly-traded Fortune 500 company with two women in its top leadership roles – CEO and chairperson. As previously announced, Progressive chairman Glenn Renwick has retired from the board.
Progressive also published a report outlining its diversity and inclusion efforts. The report’s pay equity analysis states that for Progressive employees with similar performance, experience, and job responsibilities, women earn at least $1 for every $1 earned by men, and people of color earn at least $1 for every $1 earned by their white coworkers.