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ERIE Names New President and CEO

It’s official: ERIE has a new leader.

After an extremely thorough selection process, ERIE’s board of directors named Tim NeCastro as the company’s next president and CEO. He will succeed Terry Cavanaugh, who plans to retire later this year after eight years as ERIE’s president and CEO. 

Tim has held a variety of roles during his 20 years with ERIE. He joined the company in 1996 to manage Internal Audit and was promoted to senior vice president and controller just one year later. In 2008, Tim broadened his experience as senior vice president of what was then Product and Policy Services, overseeing customer service, product development and processing areas. Since 2010, Tim has held responsibility for the West Region sales force in the states of Ohio, Indiana, Wisconsin, Tennessee, Illinois, West Virginia and Kentucky.

ERIE Home Office Employees attended a news conference on June 1 to introduce Tim NeCastro as ERIE’s next top leader.

“I am in awe of this opportunity,” said Tim during the press conference. “It would be difficult to describe the sense of both honor and humility I feel. I’m grateful to the board and Terry for seeing my potential and, especially to Terry, for helping me hone my skills.”

5 facts about Tim

1. He’s a family man. Tim is married, and he and his wife have five children.      

2. He cares about the Erie community. Tim is an active supporter of many nonprofit organizations, including St. Paul Parish and the Sisters of St. Joseph Neighborhood Network. He’s on the board of directors of the latter, which works to revitalize the inner-city neighborhood where he grew up.

      3. He’s a numbers guy. Tim holds a bachelor’s degree in accounting from Gannon University and maintains a Certified Public Accounting (CPA) designation. Before joining ERIE, he spent 10 years at Ernst & Young, then one of the “Big Five” public accounting firms. He was also the director of finance at Plastek Group, an international plastics manufacturer.

      4. He never set out to be a CEO. Tim claims he chose an accounting career on the advice of an uncle, who told him he could make a good living at it. (That uncle was on hand for Wednesday’s press conference.) He says he never dreamed of leading a Fortune 500 company.

      5. He enjoyed a rock star’s reception. As a testament to his popularity, ERIE employees burst into sustained and thunderous applause when Tim was introduced as the next president and CEO at the press conference. That response led Chairman of the Board Tom Hagen to quip that he “sounds like a rock star."

ERIE® insurance products and services are provided by one or more of the following insurers: Erie Insurance Exchange, Erie Insurance Company, Erie Insurance Property & Casualty Company, Flagship City Insurance Company and Erie Family Life Insurance Company (home offices: Erie, Pennsylvania) or Erie Insurance Company of New York (home office: Rochester, New York).  The companies within the Erie Insurance Group are not licensed to operate in all states. Refer to the company licensure and states of operation information.

The insurance products and rates, if applicable, described in this blog are in effect as of July 2022 and may be changed at any time. 

Insurance products are subject to terms, conditions and exclusions not described in this blog. The policy contains the specific details of the coverages, terms, conditions and exclusions. 

The insurance products and services described in this blog are not offered in all states.  ERIE life insurance and annuity products are not available in New York.  ERIE Medicare supplement products are not available in the District of Columbia or New York.  ERIE long term care products are not available in the District of Columbia and New York. 

Eligibility will be determined at the time of application based upon applicable underwriting guidelines and rules in effect at that time.

Your ERIE agent can offer you practical guidance and answer questions you may have before you buy.