Seattle-based Safeco announced it intends to list its common stock on the New York Stock Exchange (NYSE). Safeco anticipates the trading of its common stock to commence on the NYSE on Nov. 30, 2006 under the new symbol “SAF”. Until that time, the company’s shares will continue to trade on the NASDAQ National Market under the symbol “SAFC”.
“Our stock has performed well in recent years,” said Paula Rosput Reynolds, Safeco president and CEO. “We look forward to our association with the New York Stock Exchange, where most of our national peers are listed.”
Meanwhile, the board of directors has appointed John Hamlin as director, effective Nov. 1, 2006. Hamlin will stand for election at the company’s annual meeting of shareholders in May 2007.
Hamlin, 41, is senior vice president for Dell’s Global Online Business and Global Brand Marketing. From 2000-2005, Hamlin served as senior vice president of Dell’s U.S. consumer business. He joined Dell in 1996 and has held a variety of marketing and operations positions both in the U.S. and Japan. He previously worked in the venture capital field and served as a strategic consultant at Bain & Co. for six years.
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