What changed
Steve Markel informed the Board on September 3, 2026 that he will retire as Chairman and will not seek re-election at the 2027 Annual Meeting of Shareholders. Effective September 8, 2026, the Board appointed CEO Tom Gayner to the additional role of Chairman. Simon Wilson and Andrew Crowley were promoted to Co-Presidents, serving as CEO of Markel Insurance and CEO of Markel Ventures, respectively. The Board also established a Leadership Council consisting of the Lead Independent Director, Chairman and CEO, and Co-Presidents.
Why it matters
Steve Markel informed the Board on September 3, 2026 that he will retire as Chairman and will not seek re-election at the 2027 Annual Meeting of Shareholders. Effective September 8, 2026, the Board ap