Latest news with #GlennRenwick
RNZ News
24-05-2025
- Business
- RNZ News
NZ-born businessman Glenn Renwick dies in Florida multi-vehicle car accident
Glenn Renwick was the former chief executive and chairman of the US insurance company Progressive Corporation. Photo: Supplied / United States Securities and Exchange Commission Well-regarded Dunedin-born businessman Glenn Renwick has died in a multi-vehicle crash in Florida. Renwick was the former chief executive and chairman of the US insurance company, Progressive Corporation, where he introduced initiatives to modernise the firm. In a statement released a few days ago, Progressive said Renwick had made an "enormous" contribution to the company. "During a highly successful 32-year career at Progressive, half of which he served as CEO, Glenn's integrity, leadership skills, business acumen, and innovative approach dramatically affected the financial and competitive position of the company," the statement said. "Over that 32-year period, Progressive's annual revenues grew from about US$750 million [NZ$1.25 billion] in 1986 when Glenn was hired, to nearly US$27b [NZ$45b] at the time of his retirement. "We extend our deepest condolences to Glenn's family and friends, many of whom continue to carry on his legacy with the company." Renwick was listed by American business magazine Forbes twice as one of the 40 most admired chief executives in the world. Despite moving to the US after graduating from university, he kept ties with New Zealand by supporting the planting of tens of thousands of trees, encouraging the re-establishment of native bird populations and promoting sustainable farming techniques. In an obituary for Renwick published in Ohio, a link was provided for donations so that more trees could be planted in his memory. Renwick died on 16 April, just short of his 70th birthday. Sign up for Ngā Pitopito Kōrero , a daily newsletter curated by our editors and delivered straight to your inbox every weekday.
Economic Times
24-05-2025
- Automotive
- Economic Times
Dunedin-born Glenn Renwick, Fortune 500 CEO who rose from Kiwi roots to a $115M empire, killed in US car crash
From the paddocks of Dunedin to the boardrooms of America, Glenn Renwick built a $115 million legacy Glenn Renwick, 69, one of the rare New Zealanders to lead a Fortune 500 company, has died in a tragic multi-vehicle car accident in the United States. Renwick is survived by his wife, siblings, nieces, nephews, and godchildren. He was born in Dunedin in 1955. Renwick grew up in a country that nurtured his passions for learning, travel, rugby, sailing, sports, and even sheep farming. After graduating from the University of Canterbury in 1977, he set off overseas to further his studies, earning a Master of Science in Industrial and Systems Engineering from the University of Florida. While growing up in New Zealand, he developed life-long passions for learning, travel, rugby, sailing, sport,s and sheep farming, the death notice read. Renwick's journey took him from the green fields of New Zealand to the bustling insurance industry of America. He joined Progressive Corporation, a major US auto insurer, in 1986. Over 32 years at Progressive, Renwick steadily rose through the ranks from Auto Product Manager to CEO and Chairman. Under his leadership, Progressive's annual revenue skyrocketed from about US$750 million when he started to nearly US$27 billion when he retired in influence was not just measured in dollars but in his reputation as a leader of integrity and vision. Progressive's current CEO, Tricia Griffith, praised him as 'an incredible leader who wanted to leave Progressive better than he found it.' His commitment shaped the company's competitive edge and the careers of countless home, Renwick's success was a source of pride. In 2022, he owned two properties in Wānaka and had a net worth of at least $115 million. Yet, despite his global success, he never lost touch with his Kiwi roots.
Time of India
24-05-2025
- Business
- Time of India
Dunedin-born Glenn Renwick, Fortune 500 CEO who rose from Kiwi roots to a $115M empire, killed in US car crash
Glenn Renwick , 69, one of the rare New Zealanders to lead a Fortune 500 company, has died in a tragic multi-vehicle car accident in the United States. Renwick is survived by his wife, siblings, nieces, nephews, and godchildren. Rise of Glenn Renwick He was born in Dunedin in 1955. Renwick grew up in a country that nurtured his passions for learning, travel, rugby, sailing, sports, and even sheep farming. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Never Put Mustard in Your Fridge, Here's Why Life Hacks 101 Undo After graduating from the University of Canterbury in 1977, he set off overseas to further his studies, earning a Master of Science in Industrial and Systems Engineering from the University of Florida. While growing up in New Zealand , he developed life-long passions for learning, travel, rugby, sailing, sport,s and sheep farming, the death notice read. Live Events Renwick's journey took him from the green fields of New Zealand to the bustling insurance industry of America. He joined Progressive Corporation , a major US auto insurer, in 1986. Over 32 years at Progressive, Renwick steadily rose through the ranks from Auto Product Manager to CEO and Chairman. Under his leadership, Progressive's annual revenue skyrocketed from about US$750 million when he started to nearly US$27 billion when he retired in 2016. His influence was not just measured in dollars but in his reputation as a leader of integrity and vision. Progressive's current CEO, Tricia Griffith, praised him as 'an incredible leader who wanted to leave Progressive better than he found it.' His commitment shaped the company's competitive edge and the careers of countless employees. Back home, Renwick's success was a source of pride. His net worth In 2022, he owned two properties in Wānaka and had a net worth of at least $115 million. Yet, despite his global success, he never lost touch with his Kiwi roots .
Otago Daily Times
20-05-2025
- Automotive
- Otago Daily Times
Dunedin man who headed US insurance giant killed in crash
Glenn Renwick. Dunedin-born Glenn Renwick — described as a highly influential figure in the American insurance industry — has died in a car crash in Florida. Mr Renwick (69) attended Pine Hill School, Dunedin North Intermediate and Otago Boys' High School before his parents moved to Christchurch at the end of his year 13 year. He attended the University of Canterbury, where he studied mathematics and economics, and later pursued a master's degree in industrial and systems engineering at the University of Florida. He had two properties in Wānaka and a net worth of at least $115m, Stuff reported in 2022 In an article about notable alumni, the University of Canterbury said he started his career as an engineer at Bell Labs then moved to American insurance giant Progressive for 32 years, half of which he spent as chief executive. He helped build the business from one bringing in hundreds of millions in revenue to one that now brings in $US50 billion ($NZ85b), making him one of the very few New Zealanders to have led a Fortune 500 company. Twice included in the Forbes 40 list of most admired CEOs in the world, he also sat on the board of global fintech company Fiserv for 19 years and the world's largest healthcare company, United Health. — APL
