Patriot National’s Board of Directors Names Glenn Hibler Chairman
July 17 2017 - 4:15PM
Patriot National, Inc. (NYSE:PN) (the “Company”), a leading
provider of technology and outsourcing solutions to the insurance
industry, announced today that Glenn Hibler has been elected as
Chairman of Patriot National’s Board of Directors (the “Board”),
effective July 14, 2017. Mr. Hibler succeeds Steven M. Mariano,
following his resignation as Chairman, President and CEO on July
14, 2017.
“Mr. Hibler has deep knowledge and a passion for Patriot
National’s business, and shares our focus on delivering value to
our all of our stakeholders,” said John Rearer, Chief Executive
Officer of Patriot National. “Mr. Hibler has extensive experience
building successful technology-enabled insurance services
companies. I look forward to working closely with him as the new
Chairman of the Board and with our entire Board.”
“I appreciate the confidence that my fellow board members have
shown in electing me to the position of Chairman of the Board,"
said Glenn Hibler. "I am excited to work with John Rearer and his
senior leadership team to advance the growth opportunities we see
to create value for our shareholders.”
Mr. Hibler has served as a member of Patriot National’s Board
since April 25, 2017 and is the Chairman of the Compensation
Committee and a member of the Audit Committee. Additionally, Mr.
Hibler is Chairman of the Special Committee of Independent
Directors to review and explore strategic alternatives.
Mr. Hibler has 25 years of experience in the insurance industry
and significant expertise in strategic planning as well as product
development and distribution. He is the co-founder of Traffk, a
California-based provider of underwriting and risk services to
insurance carriers. Previously, he founded The Insurance Exchange,
a brokerage firm specializing in the design and distribution of
national dental plans that was sold to MetLife. Previously, Mr.
Hibler co-founded Benefitport, a technology firm specializing in
internet-based employee benefits and group insurance. He is
currently on the board of directors of Managed Discovery Network, a
privately held company that provides litigation support services to
the insurance industry.
About Patriot NationalPatriot National, Inc. is
a national provider of comprehensive technology and outsourcing
solutions that help insurance companies and employers mitigate
risk, comply with complex regulations and save time and money.
Patriot National provides general agency services, technology
outsourcing, software solutions, specialty underwriting and
policyholder services, claims administration services, and
self-funded health plans to its insurance carrier clients,
employers and other clients. Patriot National is headquartered in
Fort Lauderdale, Florida. For more information about Patriot
National, please visit www.patnat.com.
Forward Looking StatementsThis press release
may include statements that may be deemed to be forward-looking
statements. Words such as "may," "will," "should," "likely,"
"anticipates," "expects," "intends," "plans," "projects,"
"believes," "estimates," "positioned," "outlook," "Guidance," and
similar expressions are used to identify these forward-looking
statements. By their nature, forward-looking statements involve
risks and uncertainties, and there are important factors that could
cause actual results to differ materially from those indicated in
these statements, including the potential that we may not
accelerate our expansion into telemedicine. For example, we
may not be able to place insurance policies for our clients, our
expenses may be higher than we expect, we may have difficulty
integrating new acquisitions, new acquisitions may not perform as
anticipated, as well as those matters contained in our filings with
the Securities and Exchange Commission. Although we base these
forward-looking statements on assumptions that we believe are
reasonable when made, we caution you that forward-looking
statements are not guarantees of future performance or events and
that results may differ materially from statements made in or
suggested by the forward-looking statements contained in this press
release. Any forward-looking statement that we may make in this
press release speaks only as of the date of such statement, and we
undertake no obligation to update any forward-looking statement or
to publicly announce the results of any revision to any of those
statements to reflect future events or developments.
Media and Investor Contact:
Cindy Campbell
Director of Investor Relations
Patriot National, Inc.
(954) 670-2907
CCampbell@patnat.com