It's been a tumultuous year for Safeco Corp. In January, former CNA executive Mike McGavick was named Safeco's new president and CEO. In July, Michael LaRocco was appointed president and chief operating officer of the insurer's $2.6 billion personal insurance business. And in September, Yom Senegor, from Accenture, was named CIO.
Also in July, Safeco announced a 10% workforce reduction, 1,200 positions, by the end of 2003. Further aggressive action is expected from the new executive team-to eliminate losses that have plagued the Fortune 500 company in recent years.
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