United Fire Group (UFCS) Announces CFO Resignation
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Overall Analyst Rating:
SELL (= Flat)
Dividend Yield: 1.4%
EPS Growth %: -12.0%
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United Fire Group, Inc. (NASDAQ: UFCS). UFG announced today that Dawn M. Jaffray, Executive Vice President and Chief Financial Officer, has resigned from UFG. Ms. Jaffray notified UFG that she has accepted an opportunity to serve as Chief Financial Officer for another company within the insurance industry.
UFG has appointed Kevin W. Helbing and Randy L. Patten to serve as Interim Co-Chief Financial Officers as the organization executes its search for a new CFO. Both previously served as controllers of UFG. They have many years of experience serving within the Corporate Finance Department of UFG and possess complementary skill sets. Mr. Helbing joined UFG in 2008. Mr. Patten joined UFG in 2012. Their combined efforts to share oversight of UFG’s financial activities will facilitate an orderly transition.
“Dawn Jaffray has served UFG in a distinguished manner over the last six years, accomplishing several notable projects that set UFG apart from its peers. We wish her the best in her new endeavor,” said Randy Ramlo, President, Chief Executive Officer and Director at UFG.
Ms. Jaffray’s departure will be effective October 10, 2021. She will work with each of the Interim Co-CFOs to transition responsibilities. UFG immediately commenced a search for the role of CFO.
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