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AMERISAFE Announces the Retirement of Director and Founder Millard Morris
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Rhea-AI Sentiment
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Rhea-AI Summary
AMERISAFE, Inc. (NASDAQ: AMSF) announced the retirement of Millard Morris from its Board of Directors, effective December 31, 2022. Morris, the founder of AMERISAFE, served on the board since 2007 after previously holding positions including Chairman and CEO. His extensive knowledge of hazardous workers' compensation insurance has greatly benefited the company. Current Chairman Jared Morris and CEO Janelle Frost expressed gratitude for his leadership and vision, highlighting the company's commitment to serving small to mid-sized employers in hazardous industries across 27 states.
Positive
Millard Morris's long-term leadership and unique industry knowledge have positively impacted AMERISAFE.
The company is well-positioned for future success with strong appreciation expressed by current leadership.
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None.
DERIDDER, La.--(BUSINESS WIRE)--
AMERISAFE, Inc. (Nasdaq: AMSF) a specialty provider of hazardous workers’ compensation insurance, today announced that Millard Morris retired from AMERISAFE’s Board of Directors effective December 31, 2022.
Mr. Morris founded the Company in 1985. He was the Company’s Chairman, Chief Executive Officer and principal shareholder until a majority interest in the Company was sold to a private investment group in 1997. Following that sale, he continued to serve as a director of the Company until immediately prior to the Company’s initial public offering in 2005. In 2007, Mr. Morris was asked to rejoin the Board. At the time of his retirement, Mr. Morris served as the Chair of the Risk Committee. His experience as the founder of the Company and his long-term service as a director provided him with unique knowledge of the opportunities and challenges of the workers compensation insurance industry.
“It has been an honor and privilege to serve on the Board of AMERISAFE. A Board that is composed of very smart and dedicated members. In addition, I would like to thank the outstanding CEO’s that have guided the Company during my tenure on the Board: Mark Anderson, Allen Bradley and Janelle Frost. I know that the Company is in good hands and will continue to excel as it has in the past,” Millard Morris said.
Jared Morris, the Company’s Chairman, said, “My Dad and I have served on the board together since 2007. As the founder of the Company, his experience and perspective have been an invaluable resource to the Company. On behalf of the Board, we would like to thank him for his vision in starting the Company and for his many years of service to AMERISAFE.”
Janelle Frost, AMERISAFE’s President and Chief Executive Officer, said, “On behalf of our employees, I also want to thank Millard for his vision for and support of AMERISAFE from its creation to the company it is today. We are grateful for his leadership and service to the Company and our community.”
About AMERISAFE
AMERISAFE, Inc. is a specialty provider of workers’ compensation insurance focused on small to mid-sized employers engaged in hazardous industries, principally construction, trucking, logging and lumber, agriculture and manufacturing. AMERISAFE actively markets workers’ compensation insurance in 27 states.
What recent change occurred in AMERISAFE's Board of Directors?
Millard Morris retired from AMERISAFE’s Board of Directors effective December 31, 2022.
Who is Millard Morris in relation to AMERISAFE?
Millard Morris is the founder of AMERISAFE and served on its Board of Directors.
What is the significance of Millard Morris's retirement for AMERISAFE?
Morris's retirement marks the end of an era for AMERISAFE, as he provided valuable insight and leadership since founding the company.
How long did Millard Morris serve on the AMERISAFE Board?
Millard Morris served on the AMERISAFE Board from its founding in 1985 until his retirement in 2022, with a break during the company's IPO.
What industries does AMERISAFE primarily serve?
AMERISAFE primarily serves small to mid-sized employers in hazardous industries such as construction, trucking, logging, agriculture, and manufacturing.
