Riley named new Team NEO board chair

Team NEO announced it has elected Kimberly L. Riley, “the chief operating officer, property and casualty, of insurance brokerage firm Hylant” as its new chair of its board of directors, Crain’s Cleveland reports. Riley succeeds Lumitex Inc. president and CEO Peter W. Broer, who has served as board chair for Team NEO since 2021, according to the article. Bill Koehler, the CEO of Team NEO, “noted in a statement that Riley has more than 35 years of experience ‘as a business leader in the insurance and risk management fields’” during which time she has “built and turned around businesses, driven revenue and client profitability, and pioneered technology solutions that transformed the insurance industry.” Riley is a member of the Northeast Ohio Advisory Board for the Federal Reserve Bank of Cleveland, and she serves on the boards of the Rock & Rock Hall of Fame and Destination Cleveland. She has previously served as vice chair of Team NEO’s board “and was the organization’s Regional Economic Development Champion (business leader) in 2021.” For more, read the full article (subscription may be required).

Economic Development, State Updates