Erie Indemnity Co., attorney-in-fact for the subscribers at Erie Insurance Exchange, has appointed Robert Ingram III as EVP and CIO. Ingram will be responsible for ongoing design of the company's IT strategy and further development of its technology platform.
Erie says Ingram joins the company from The Hartford Financial Services Group, where he served most recently as SVP and CIO for commercial lines. Prior to Hartford, Ingram held CIO positions at Safeco and at USAA's P&C company.
Erie adds that Ingram will receive certain stock-based awards as an inducement material to his acceptance of employment with the company, including a grant of 5,600 restricted stock units. One-half of the restricted stock units vest on Jan. 1, 2014, with the remainder vesting on Aug.13, 2015, provided he remains continuously employed with the company through those dates. Vested restricted stock units will result in the delivery to Ingram of one share of Erie Indemnity Company Class A common stock per vested unit.
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