Progressive

(PGR) - Get Report

(PGR) - Get Report

has named Brian Domeck to succeed Tom Forrester as chief financial officer next year.

Domeck, who currently oversees all media buying and sponsorships for the Progressive Direct Group of Insurance Companies, will assume the CFO role on March 1.

Shares of the insurer were down 46 cents, or 1.8%, at $24.54 in recent trading Friday.