AMERISAFE Announces the Retirement of Director and Founder Millard Morris
06 January 2023 - 08:05AM
Business Wire
AMERISAFE, Inc. (Nasdaq: AMSF) a specialty provider of hazardous
workers’ compensation insurance, today announced that Millard
Morris retired from AMERISAFE’s Board of Directors effective
December 31, 2022.
Mr. Morris founded the Company in 1985. He was the Company’s
Chairman, Chief Executive Officer and principal shareholder until a
majority interest in the Company was sold to a private investment
group in 1997. Following that sale, he continued to serve as a
director of the Company until immediately prior to the Company’s
initial public offering in 2005. In 2007, Mr. Morris was asked to
rejoin the Board. At the time of his retirement, Mr. Morris served
as the Chair of the Risk Committee. His experience as the founder
of the Company and his long-term service as a director provided him
with unique knowledge of the opportunities and challenges of the
workers compensation insurance industry.
“It has been an honor and privilege to serve on the Board of
AMERISAFE. A Board that is composed of very smart and dedicated
members. In addition, I would like to thank the outstanding CEO’s
that have guided the Company during my tenure on the Board: Mark
Anderson, Allen Bradley and Janelle Frost. I know that the Company
is in good hands and will continue to excel as it has in the past,”
Millard Morris said.
Jared Morris, the Company’s Chairman, said, “My Dad and I have
served on the board together since 2007. As the founder of the
Company, his experience and perspective have been an invaluable
resource to the Company. On behalf of the Board, we would like to
thank him for his vision in starting the Company and for his many
years of service to AMERISAFE.”
Janelle Frost, AMERISAFE’s President and Chief Executive
Officer, said, “On behalf of our employees, I also want to thank
Millard for his vision for and support of AMERISAFE from its
creation to the company it is today. We are grateful for his
leadership and service to the Company and our community.”
About AMERISAFE
AMERISAFE, Inc. is a specialty provider of workers’ compensation
insurance focused on small to mid-sized employers engaged in
hazardous industries, principally construction, trucking, logging
and lumber, agriculture and manufacturing. AMERISAFE actively
markets workers’ compensation insurance in 27 states.
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Andy Omiridis, EVP & CFO AMERISAFE 337.463.9052
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