Regina, Saskatchewan — Saskatchewan’s crown insurance company will be welcoming its new president and CEO in the coming weeks, following Tuesday’s announcement that Penny McCune will assume SGI’s top role, making her the first woman to head up the provincial insurance company.
Currently working as executive v-p and COO of the Auto Fund, McCune is set to officially take on her new duties starting June 1. She will be replacing Andrew Cartmell, who retired as CEO on April 4.
“I’m truly honoured to be SGI’s next President and CEO,” said McCune. “I’ve grown up at SGI, so I know this company well. I understand its value, I care about it, and I believe I can lead it in a manner that will protect its uniqueness and its value to the province. I’m excited to contribute to SGI’s continued success and look forward to what the future holds.”
McCune wields more than 36 years of industry experience in her new role and, according to SGI’s press release, beat out a broad slate of candidates following a nationwide search to fill the position.
“On behalf of SGI’s Board of Directors, I’m pleased to congratulate Penny on her promotion to president and CEO,” said SGI board chair, Denis Perrault.
“As a long-standing SGI employee, Penny has extensive experience in the insurance industry and understands SGI’s unique opportunities and challenges as both the compulsory auto insurance program in Saskatchewan, and a competitive insurer. She’s a strong, strategic and passionate leader with a focus on delivering value for customers, stakeholders and SGI’s business partners.”
McCune was born, raised and educated in Saskatchewan. She has a Bachelor of Administration from the University of Regina and her Chartered Insurance Professional designation from the Insurance Institute of Canada.