Hagerty, Inc. announced that Randall Harbert, who recently retired as State Farm's Chief Agency, Sales and Marketing Officer and currently serves as senior advisor, has been appointed to assume a seat on the Company's Board of Directors from Michael L Tipsord, State Farm's Chairman, President and CEO. The transition will be effective March 1, 2023 and is made pursuant to the Investor Rights Agreement, dated August 17, 2021, under which State Farm has the right to designate a director to the Company's Board subject to maintaining specified stock ownership requirements. Mr. Harbert will serve as a member of the Board's Audit Committee effective March 15, 2023.
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