The Hanover Announces CEO Succession Plan, Effective December 31, 2026

The Hanover Insurance Group Plans Leadership Transition

WORCESTER, Mass. – The Hanover Insurance Group, Inc. (NYSE: THG) announced on July 15, 2026, that President and CEO John "Jack" C. Roche intends to retire effective December 31, 2026, concluding a 40-year career in the insurance industry. The company's Board of Directors has appointed Chief Operating Officer Richard "Dick" W. Lavey as CEO-elect.

Roche, 62, has served as The Hanover's president and CEO since 2017. During his tenure, the company strengthened its position in the property and casualty insurance sector and achieved operational growth. His retirement marks the end of a significant period of leadership for the insurer.

Lavey, 59, joined The Hanover in 2004 and has held key executive roles, including COO and president of Hanover Agency Markets. In these positions, he has overseen strategic transformations of the company's operating model and driven growth in core commercial and personal lines businesses, which represent a substantial portion of the company's written premiums.

"The Board of Directors is deeply grateful to Jack for his outstanding leadership," said Cynthia L. Egan, chair of the board. She added, "We have an exceptional CEO to elevate the company to its next level," referring to Lavey's appointment. Egan highlighted Lavey's experience, stating, "Dick is an accomplished executive whose deep experience spans the insurance and technology industries."

Lavey expressed his honor for the leadership opportunity and his commitment to accelerating growth and performance. The Hanover is scheduled to discuss its strategy and outlook during its earnings call on July 29, 2026, and at an investor day on September 17, 2026.