SGI has a new President and CEO.
Penny McCune has been selected to replace former President and CEO Andrew Cartmell, who retired April 4 after 12 years on the job.
She will take over from interim boss Jeff Stepan, who was filling in while the search for a permanent replacement was ongoing, on June 1. McCune is also SGI’s first female President and CEO.
“On behalf of SGI’s Board of Directors, I’m pleased to congratulate Penny on her promotion to President and CEO,” said Denis Perrault, Chair, SGI Board of Directors in a news release. “As a long-standing SGI employee, Penny has extensive experience in the insurance industry and understands SGI’s unique opportunities and challenges as both the compulsory auto insurance program in Saskatchewan, and a competitive insurer. She’s a strong, strategic and passionate leader with a focus on delivering value for customers, stakeholders and SGI’s business partners.”
“Penny is an exceptional leader within SGI. Her proven track record of putting customers first, along with her extensive knowledge of the insurance industry in Canada makes Penny an excellent choice for CEO,” Minister Responsible for SGI Don Morgan said. “I’d like to congratulate Penny on her new position and thank her for ensuring that SGI continues to serve the people of Saskatchewan.”
McCune has worked at Saskatchewan Government Insurance for 36 years, starting in 1985 as a temporary junior clerk and since then has held various leadership roles, which include:
- Executive Vice President and Chief Operating Officer, Auto Fund (2016-2022).
- Executive Vice President, Claims and Salvage (2014-2016).
- Executive Vice President, Customer and Distribution Strategy (2012-2014).
- Assistant Vice President, Canadian Operations, SGI CANADA (2004-2012).
She is currently the Executive Vice President and Chief Operating Officer of the Auto Fund.
“I’m truly honoured to be SGI’s next President and CEO,” said McCune. “I’ve grown up at SGI, so I know this company well. I understand its value, I care about it, and I believe I can lead it in a manner that will protect its uniqueness and its value to the province. I’m excited to contribute to SGI’s continued success and look forward to what the future holds.”
McCune, who lives in Regina, has a Bachelor of Administration from the University of Regina and her Chartered Insurance Professional designation from the Insurance Institute of Canada.
(Photo: Saskatchewan Government Insurance)
