Kingstone Chairman Barry Goldstein Announces His Retirement
Kingstone Companies, Inc. (Nasdaq:KINS) announced the retirement of its long-time Chairman, Barry Goldstein, effective September 10, 2024. Thomas Newgarden will succeed him as Non-Executive Chairman. Goldstein served as Chairman since 2001 and held the CEO position multiple times. Under his leadership, Kingstone transitioned from an insurance agency to a Nasdaq-listed company, acquired and demutualized Commercial Mutual Insurance Company (renamed Kingstone Insurance Company), and grew to become the 15th largest writer of homeowners insurance in New York State.
Goldstein expressed confidence in the company's future under CEO Meryl Golden's leadership and the Board's guidance. The Board and CEO acknowledged Goldstein's contributions and mentorship over his two-decade tenure.
Kingstone Companies, Inc. (Nasdaq:KINS) ha annunciato il ritiro del suo storico Presidente, Barry Goldstein, a partire dal 10 settembre 2024. Thomas Newgarden lo succederà come Presidente Non Esecutivo. Goldstein ha ricoperto il ruolo di Presidente dal 2001 e ha svolto la posizione di CEO più volte. Sotto la sua guida, Kingstone è passata da agenzia assicurativa a società quotata al Nasdaq, ha acquisito e demutualizzato la Commercial Mutual Insurance Company (rinominata Kingstone Insurance Company) e è diventata il quindicesimo maggiore scrittore di assicurazioni per la casa nello Stato di New York.
Goldstein ha espresso fiducia nel futuro dell'azienda sotto la guida del CEO Meryl Golden e della direzione del Consiglio. Il Consiglio e il CEO hanno riconosciuto i contributi e il mentore di Goldstein durante il suo ventennale mandato.
Kingstone Companies, Inc. (Nasdaq:KINS) anunció la jubilación de su presidente de larga data, Barry Goldstein, a partir del 10 de septiembre de 2024. Thomas Newgarden lo sucederá como Presidente No Ejecutivo. Goldstein sirvió como Presidente desde 2001 y ocupó el puesto de CEO en varias ocasiones. Bajo su liderazgo, Kingstone pasó de ser una agencia de seguros a una compañía cotizada en Nasdaq, adquirió y desmutualizó la Commercial Mutual Insurance Company (renombrada como Kingstone Insurance Company) y creció para convertirse en el decimoquinto mayor proveedor de seguros de propietarios de viviendas en el Estado de Nueva York.
Goldstein expresó confianza en el futuro de la empresa bajo el liderazgo del CEO Meryl Golden y la guía de la Junta. La Junta y el CEO reconocieron las contribuciones y el mentorazgo de Goldstein durante sus dos décadas en el cargo.
킹스톤 컴퍼니즈, Inc. (Nasdaq:KINS)는 오랜 수석 회장인 배리 골드스타인(Barry Goldstein)의 은퇴를 2024년 9월 10일로 발표했습니다. 토마스 뉴가든(Thomas Newgarden)이 비상임 회장으로 그를 이어받을 것입니다. 골드스타인은 2001년부터 회장직을 맡았으며 여러 차례 CEO직을 수행했습니다. 그의 리더십 하에 킹스톤은 보험 대리점에서 나스닥 상장 기업으로 전환하였고, 커머셜 뮤추얼 인슈어런스 컴퍼니(Commercial Mutual Insurance Company)를 인수 및 변동화하여 킹스톤 인슈어런스 컴퍼니(Kingstone Insurance Company)로 이름을 변경하고, 뉴욕주에서 주택 소유자 보험의 15번째로 큰 제공업체로 성장하였습니다.
골드스타인은 CEO 멜리 골든(Meryl Golden)의 리더십과 이사회의 안내 아래 회사를 향한 미래에 대한 신뢰를 표명했습니다. 이사회와 CEO는 그의 20년에 걸친 임기 동안의 기여와 멘토십을 인정했습니다.
Kingstone Companies, Inc. (Nasdaq:KINS) a annoncé la retraite de son président de longue date, Barry Goldstein, à compter du 10 septembre 2024. Thomas Newgarden lui succédera en tant que Président Non Exécutif. Goldstein a été président depuis 2001 et a occupé plusieurs fois le poste de PDG. Sous sa direction, Kingstone est passée d'une agence d'assurance à une société cotée au Nasdaq, a acquis et démuttualisé la Commercial Mutual Insurance Company (rebaptisée Kingstone Insurance Company) et est devenue le 15e plus grand souscripteur d'assurances habitation dans l'État de New York.
Goldstein a exprimé sa confiance dans l'avenir de l'entreprise sous la direction de la PDG Meryl Golden et de l'orientation du Conseil. Le Conseil et la PDG ont reconnu les contributions et le mentorat de Goldstein au cours de son mandat de deux décennies.
Kingstone Companies, Inc. (Nasdaq:KINS) gab die Pensionierung seines langjährigen Vorstandsvorsitzenden Barry Goldstein mit Wirkung zum 10. September 2024 bekannt. Thomas Newgarden wird ihn als Nicht-Exekutiv-Vorsitzender ersetzen. Goldstein war seit 2001 Vorsitzender und hatte mehrfach die CEO-Position inne. Unter seiner Leitung entwickelte sich Kingstone von einer Versicherungsagentur zu einem an der Nasdaq notierten Unternehmen, erwarb und demutualisierte die Commercial Mutual Insurance Company (umbenannt in Kingstone Insurance Company) und wuchs zu dem 15. größten Anbieter von Wohngebäudeversicherungen im Bundesstaat New York.
Goldstein äußerte Vertrauen in die Zukunft des Unternehmens unter der Führung von CEO Meryl Golden und dem Vorstand. Der Vorstand und der CEO würdigten Goldsteins Beiträge und Mentorschaft während seines zwei Jahrzehnte währenden Mandats.
- Kingstone Insurance Company recently reported its most profitable quarter in 138 years
- Company's plan to return to profitability is in place and working
- Kingstone grew to write over $200 million in annual premiums
- Became the 15th largest writer of homeowners insurance in New York State
- None.
KINGSTON, NY / ACCESSWIRE / August 29, 2024 / Kingstone Companies, Inc. (Nasdaq:KINS) (the "Company" or "Kingstone"), a Northeast regional property and casualty insurance holding company, announced today that Barry Goldstein, its long-time Chairman of the Board of Directors, will retire effective Tuesday, September 10, 2024. Thomas Newgarden, who joined the Company's board earlier this year, will become Kingstone's Non-Executive Chairman concurrent with Mr. Goldstein's departure.
Mr. Goldstein has served as the Company's Chairman of the Board since March 2001 and served as its Chief Executive Officer from March 2001 to December 2018 and from July 2019 to September 2023. He has been the Chairman of Kingstone Insurance Company, the Company's operating insurance company subsidiary, for the past eighteen years.
A few years after joining Kingstone, Mr. Goldstein led the Company (then an insurance agency) to a Nasdaq listing in October 2004. In 2005, after the Company acquired the
"Meryl and I have planned for this succession, beginning with her assuming the Chief Executive Officer position last October. Kingstone's plan to return to profitability is in place and working. We moved to strengthen the Board, further build the leadership team and manage our debt maturity. Everything we hoped to accomplish is in place and now is an incredibly good time for me to retire," said Mr. Goldstein. "It has been an honor to have led Kingstone for more than two decades. I am totally confident about the future of Kingstone under Meryl's leadership, and that the Board, now led by Tom Newgarden, will serve the shareholders' long-term best interests and guide the Company to continued success."
"On behalf of the entire Board of Directors, we wish to extend our sincere gratitude to Barry for over twenty years of devoted service to the Company," said Thomas Newgarden, Non-Executive Chairman of the Board.
"I am forever grateful for the mentorship and guidance that Barry has shared with me over the past five years as well as the invaluable insight and expertise he has provided to the Board and our organization over more than two decades," said Meryl Golden, Chief Executive Officer.
About Kingstone Companies, Inc.
Kingstone is a northeast regional property and casualty insurance holding company whose principal operating subsidiary is Kingstone Insurance Company ("KICO"). KICO is a New York domiciled carrier writing business through retail and wholesale agents and brokers. KICO is actively writing personal lines and commercial auto insurance in New York, and in 2023 was the 15th largest writer of homeowners insurance in New York. KICO is also licensed in New Jersey, Rhode Island, Massachusetts, Connecticut, Pennsylvania, New Hampshire, and Maine.
Forward-Looking Statements
Statements in this press release may contain "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. All statements, other than statements of historical facts, may be forward-looking statements. These statements are based on management's current expectations and are subject to uncertainty and changes in circumstances. These statements involve risks and uncertainties that could cause actual results to differ materially from those included in forward-looking statements due to a variety of factors. For more details on factors that could affect expectations, see Part I, Item 1A of our Annual Report on Form 10-K for the year ended December 31, 2023, filed with the Securities and Exchange Commission.
Kingstone undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.
Investor Relations Contact:
Karin Daly
Vice President
The Equity Group Inc.
kdaly@equityny.com
SOURCE: Kingstone Companies, Inc
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