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The Hanover appoints Richard Lavey CEO-elect, Roche to retire at end-2026
John C. Roche will step down on December 31, 2026, with Lavey working closely during the transition.
The Hanover Insurance Group has named Richard W. Lavey as chief executive officer-elect, with a scheduled transition tied to the retirement of current President and CEO John C. Roche.
Roche plans to retire on December 31, 2026. The company said Roche will work closely with Lavey to support the leadership change, which is intended to ensure continuity at the property and casualty insurer.
The Hanover said Lavey is currently its chief operating officer and president of Hanover Agency Markets, roles he has held while also guiding the company’s operating model, including strategy across business and technology functions. In his current role, he leads growth and performance across core commercial and personal lines.
Cynthia L. Egan, chair of The Hanover’s board, credited Roche with driving progress across the company and said the board is grateful for his leadership. The company also noted that under Roche’s tenure, it achieved record operating earnings and strong stock price appreciation.