Employers Holdings Appoints New CFO, Announces Compensation

Employers Holdings ( (EIG) ) has shared an update.

Michael A. Pedraja will take over as Employers Holdings, Inc.’s CFO, effective March 31, 2025, after an initial designation period starting February 3, 2025. Succeeding Michael S. Paquette, Pedraja brings over 30 years of financial expertise in the insurance industry, recently serving as Group CFO for Ariel Re Services. His robust career includes senior positions at The Allstate Corporation and decades in investment banking. Pedraja’s compensation package includes a $535,000 base salary, performance-based bonuses, and significant long-term incentives, emphasizing the company’s confidence in his ability to drive growth and shareholder value.

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