TRAVERSE
CITY, Mich., Jan. 18,
2024 /PRNewswire/ -- Hagerty, Inc., (NYSE: HGTY) an
automotive enthusiast brand and leading specialty vehicle insurance
provider, has named Arjun H. Chowdri as its new Senior Vice
President of Membership and Retention. Arjun will lead the
company's global membership programs, including the Hagerty
Driver's Club, the world's largest paid car club with more than
800,000 members. Additionally, Arjun will lead Hagerty's Garage and
Social business, a portfolio of five premium car storage and
clubhouse locations across the US and Canada. Prior to
joining Hagerty, Arjun was Chief Administrative and Innovation
Officer for the PGA of America.
"Hagerty's membership program creates unique opportunities to
engage with our passionate customers and create top tier brand
loyalty," said Paul Rehrig,
President of Hagerty Media, Marketing and Membership. "Arjun's
impressive experience and track record, most recently at the PGA of
America, make him the ideal executive to lead our membership
programs and retention marketing efforts."
Chowdri's wealth of experience was cultivated through two
decades of experience with lifestyle brands. As Chief
Administrative and Innovation Officer for the PGA, he oversaw the
planning, execution and measurement of success throughout the
organization. He also identified new growth areas and opportunities
across the organization; guided the development of new initiatives
and services; led international expansion; and directed PGA
investments. Prior to joining the PGA, Chowdri led the sports and
entertainment marketing efforts behind Coca-Cola's Glaceau brands
that included POWERADE, vitaminwater and NOS Energy.
Chowdri said, "Hagerty has a leadership position as an authentic
community-focused brand, delivering high value products and
services through a team-based culture. I'm honored to have
the opportunity to join Hagerty at this time in the company's
journey and look forward to working across the organization to
deepen our member's enthusiasm for classic and collectible
cars."
Forward Looking Statements
This press release contains forward-looking statements within
the meaning of the Private Securities Litigation Reform Act of
1995. Forward-looking statements include all statements that are
not historical facts. These forward-looking statements reflect
Hagerty's current expectations and projections with respect to its
expected future business and financial performance, including,
among other things: (i) expected operating results, such as revenue
growth and increases in earned premium; (ii) changes in the market
for Hagerty's products and services, (iii) Hagerty's plans to
expand market share, including planned investments and
partnerships; (iv) anticipated business objectives; and (v) the
strength of Hagerty's business model. These statements may be
preceded by, followed by or include the words "aim," "anticipate,"
"believe," "estimate," "expect," "forecast," "future," "goal,"
"intend," "likely," "outlook," "plan," "potential," "project,"
"seek," "target," "can," "could," "may," "should," "would," "will,"
the negatives thereof and other words and terms of similar
meaning.
A number of factors could cause actual results or outcomes to
differ materially from those indicated by these forward-looking
statements. These factors include, among other things, Hagerty's
ability to: (i) compete effectively within its industry and attract
and retain members; (ii) maintain key strategic relationships with
its insurance distribution and underwriting carrier partners; (iii)
prevent, monitor and detect fraudulent activity; (iv) manage risks
associated with disruptions, interruptions, outages with its
technology platforms or third-party services; (v) accelerate the
adoption of Hagerty's membership products as well as any new
insurance programs and products; (vi) manage the cyclical nature of
the insurance business including through any periods of recession,
economic downturn or inflation; (vii) address unexpected increases
in the frequency or severity of claims; (vii) comply with the
numerous laws and regulations applicable to Hagerty's business,
including state, federal and foreign laws relating to insurance and
rate increases, privacy, the internet and accounting matters; (ix)
manage risks associated with being a controlled company; and (x)
other risks and uncertainties indicated from time to time in
documents filed or to be filed with the Securities and Exchange
Commission (the "SEC") by Hagerty.
The forward-looking statements herein represent the judgment of
Hagerty as of the date of this release and Hagerty disclaims any
intent or obligation to publicly update or review any
forward-looking statement, whether as a result of new information,
future developments, or otherwise. This press release should be
read in conjunction with the information included in the Company's
other press releases, reports and other filings with the SEC.
Understanding the information contained in these filings is
important in order to fully understand Hagerty's reported financial
results and our business outlook for future periods.
About Hagerty, Inc. (NYSE: HGTY)
Hagerty is an automotive enthusiast brand committed to saving
driving and fueling car culture for future generations. The company
is a leading provider of specialty vehicle insurance, expert car
valuation data and insights, live and digital car auction services,
immersive events and automotive entertainment custom made for the
67 million Americans who self-describe as car enthusiasts. Hagerty
also operates in Canada and the
U.K. and is home to Hagerty Drivers Club, a community of over
800,000 who can't get enough of cars. As a purpose-driven
organization, Hagerty Impact aims to be a catalyst for positive
change across the issues that matter most to our teams, our
members, the broader automotive community, our shareholders and the
planet at large. For more information, please visit www.hagerty.com
or connect with us on Facebook, Instagram, Twitter and LinkedIn.
More information can be found at newsroom.hagerty.com.
Category: Financial Source:
Hagerty
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