Liberty Mutual’s Long to retire at year-end

Liberty Mutual Insurance has announced that chairman and CEO David Long will retire at the end of 2022 and serve as the company’s executive chairman of the Board of Directors.

The board has appointed Timothy Sweeney as chief executive officer effective January 2023. He also becomes a member of the Board of Directors effective immediately.

Long has been at Liberty Mutual for 37 years, becoming President in 2010, CEO in 2011 and chairman in 2013. 

“Liberty Mutual has been a part of my life for nearly four decades. The company has experienced significant change, challenges and transformation over the years, and I’m fortunate to have been a part of it all,” said Long. “Tim is an outstanding leader who will continue to drive the organisation forward.”

“David has shaped Liberty Mutual into a world-class P&C provider that is stronger than ever and will be there for its customers into the future,” said the company’s lead director Bill Van Faasen.

“He’s driven immense growth for the organisation while prioritising the company’s identity and values. David believes in putting people first and leading with empathy and transparency, and the Board thanks him for his dedication to the company.”

Sweeney becomes the 10th CEO in Liberty Mutual’s 110-year history and has been at the company for nearly 30 years. He was appointed president in 2021, overseeing the organisation’s three business units – Global Risk Solutions, Global Retail Markets (GRM) and Liberty Mutual Investments.