The Huntington National Bank names Angie Klett President of Huntington Insurance, Inc.

Rhea-AI Summary

Huntington Bancshares (Nasdaq: HBAN) announced the appointment of Angie Klett as President of Huntington Insurance, Inc., effective July 1, 2024. Klett succeeds Mary Beth Sullivan, who is retiring after nearly 20 years at Huntington. Klett will oversee the growth and management of Huntington Insurance's various segments, including commercial, employee benefits, life, personal lines, and title and captive insurance. Before joining Huntington, Klett was a Senior Vice President at Nationwide Insurance, where she led mergers, acquisitions, and strategic partnerships. Huntington Bancshares, a $194 billion asset regional bank, offers a range of financial services and operates approximately 970 branches across 11 states.

Positive

• Angie Klett's appointment as President is expected to bring strong industry expertise and leadership to Huntington Insurance.
• Klett's background in mergers, acquisitions, and strategic partnerships can contribute to Huntington Insurance's growth.
• Huntington Bancshares is a $194 billion asset regional bank, indicating financial stability.
• The company operates approximately 970 branches across 11 states, showcasing a significant market presence.

Negative

• Mary Beth Sullivan's retirement may lead to a transitional period with potential uncertainties.
• No immediate financial data or projected growth figures were provided to support the optimistic outlook.

Klett will lead the bank's insurance business, succeeding Mary Beth Sullivan who will retire from Huntington

COLUMBUS, Ohio, May 15, 2024 /PRNewswire/ -- Huntington Bancshares Incorporated (Nasdaq: HBAN), parent company of The Huntington National Bank ("Huntington"), announced today the appointment of Angie Klett as President of Huntington Insurance, Inc. Klett will be responsible for the growth of the insurance business and oversee all aspects of Huntington Insurance, including commercial insurance, employee benefits, life insurance, personal lines insurance, and title and captive insurance.

"Huntington Insurance serves customers across almost every line of business, and we are committed to its continued growth. Angie brings strong industry expertise, a growth mindset, and a well-rounded leadership experience to this key role," said Consumer & Regional Banking President Brant Standridge.

Klett's appointment follows Mary Beth Sullivan's upcoming retirement from Huntington on July 1, 2024, after a nearly 20-year career at Huntington.

"Mary Beth has played a fundamental role in shaping the growth and expansion of Huntington Insurance. We are well-positioned to continue providing exceptional insights, expertise, and service to our insurance customers," added Standridge.

Prior to joining Huntington, Klett most recently served as Senior Vice President of Corporate Development at Nationwide Insurance, where she led mergers and acquisitions, ventures, and strategic partnerships. While in this role, Klett also led Nationwide Brokerage Solutions. Prior to that, Klett served in key leadership roles across Nationwide in the finance, procurement, product development, technology, and business transformation spaces. Klett holds a bachelor's degree from Ohio Wesleyan University and is based in Central Ohio.

About Huntington

Huntington Bancshares Incorporated is a $194 billion asset regional bank holding company headquartered in Columbus, Ohio. Founded in 1866, The Huntington National Bank and its affiliates provide consumers, small and middle–market businesses, corporations, municipalities, and other organizations with a comprehensive suite of banking, payments, wealth management, and risk management products and services. Huntington operates approximately 970 branches in 11 states, with certain businesses operating in extended geographies. Visit Huntington.com for more information.

Insurance products are offered by Huntington Insurance, Inc., a licensed agency and a wholly-owned subsidiary of Huntington Bancshares Incorporated and underwritten by third party insurance carriers not affiliated with Huntington Insurance, Inc.

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SOURCE Huntington National Bank

FAQ

Who has been appointed as the new President of Huntington Insurance, Inc.?

Angie Klett has been appointed as the new President of Huntington Insurance, Inc., effective July 1, 2024.

When is Mary Beth Sullivan retiring from Huntington?

Mary Beth Sullivan is retiring from Huntington on July 1, 2024.

What is the stock symbol for Huntington Bancshares?

The stock symbol for Huntington Bancshares is HBAN.

What roles did Angie Klett previously hold before joining Huntington?

Before joining Huntington, Angie Klett was the Senior Vice President of Corporate Development at Nationwide Insurance, overseeing mergers, acquisitions, and strategic partnerships.

How many branches does Huntington Bancshares operate?

Huntington Bancshares operates approximately 970 branches across 11 states.

What are the main segments of Huntington Insurance that Angie Klett will manage?

Angie Klett will manage commercial insurance, employee benefits, life insurance, personal lines insurance, and title and captive insurance.

What is the asset value of Huntington Bancshares?

Huntington Bancshares has a $194 billion asset value.