Hagerty announces capital markets veteran Jay Koval to lead investor relations

TRAVERSE CITY, Michigan–(BUSINESS WIRE)–Hagerty (NYSE: HGTY), a leading automotive lifestyle brand and specialty insurance provider focused on the global automotive enthusiast market, today announced the appointment of Jay Koval to the role of Senior Vice President of Investor Relations.

In this newly created role, Koval will guide the development of the company’s Investor Relations (IR) function for Hagerty. He will report to Chief Financial Officer Frederick J. Turcotte, working closely with the company’s senior leaders. His goal will be to build relationships with the investment community and communicate the differentiated strategy that positions Hagerty to drive value creation over the coming years.

“We are very pleased to welcome Jay to this strategic position at Hagerty,” said Turcotte. “He brings exceptional credentials and expertise to our investor relations efforts, has a fantastic perspective on the dynamics of a publicly traded company from an investor perspective, and understands how to build and grow a relationship program. with investors very effective.”

Koval’s wealth of investor relations expertise has been cultivated from previous investor relations roles and over two decades of capital markets experience. In addition to helping newly listed public companies develop their IR functions over the past three years, Koval has created world-class IR programs at Brown-Forman, a leading US spirits company, and Starwood Hotels. and Resorts, a global lifestyle brand.

During his tenure at Brown-Forman from 2012 to 2019, strong multiple outperformance was achieved by simplifying the company’s messaging with investors and globalizing the shareholder base, which tripled the company’s market capitalization. ‘company. At Starwood, Koval led the investor relations function from 2006 to 2012, helping the company achieve #1 ranking among gaming and hosting companies by Institutional Investor magazine.

Prior to his investor relations assignments, Koval worked as a buy-side analyst at Invesco Funds Group, as well as a sell-side analyst at Bank of America Securities. Koval began his career on Wall Street working in investment banking at JP Morgan on their consumer/retail team.

“I am thrilled to join Hagerty and help this exciting, forward-looking company communicate its value proposition to investors,” Koval said. “There are approximately 43 million collector vehicles in our total addressable market in the United States, and even more globally, which positions us well to deliver high rates of sustained and profitable growth over the next decade. As a car enthusiast, I look forward to collaborating with industry leaders who are passionately dedicated to safeguarding driving and car culture for future generations. »

About Hagerty, Inc. (NYSE: HGTY)

Based in Traverse City, Michigan, Hagerty’s goal is to save driving and car culture for future generations and its mission is to build a global business to fund that goal. Hagerty is an automotive enthusiast brand offering integrated products and membership programs as well as a specialist insurance provider focused on the global automotive enthusiast market. Hagerty is home to Hagerty Drivers Club, DriveShare, Hagerty Valuation Tools, Hagerty Media, Hagerty Drivers Club magazine, MotorsportReg, Hagerty Garage + Social, The Amelia, the Concours d’Elegance of America, the Greenwich Concours d’Elegance, the California Mille, Motorlux , the Hagerty Drivers Foundation and more. For more information on Hagerty, please visit www.hagerty.comor join us on Facebook, instagram and Twitter.

More information can be found at newsroom.hagerty.com.

Category: Company News

Source: Hagerty

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