Miller Named President, CEO at Minnesota’s SFM Mutual

The board of directors at Bloomington, Minnesota-based SFM Mutual Insurance Co. has named Terry Miller president and chief executive officer of the organization. Miller’s promotion, effective Nov. 5, is the result of a leadership succession strategy that has been in motion since 2015.

Miller has worked at SFM for more than 30 years, serving as the company’s original controller. He has risen through the ranks, becoming vice president of accounting, vice president of finance, then senior vice president and CFO. Since April 2016, Miller has held the position of executive vice president and chief operating officer.

Miller’s appointment comes as SFM President and CEO Bob Lund steps down after leading SFM since May 2007. After a remarkable tenure of leadership at SFM, Lund has chosen to enter a new “career adventure” in private law practice that will allow him to perform pro bono work in the elder law area, among other services.

Before his 12-year stint as president and CEO, Lund was vice president and general counsel. During his time at SFM, he said he’s enjoyed working together with employees to develop a culture of caring for customers and the community at large.

Miller is a certified public accountant and holds the chartered financial analyst designation. He serves on the Board of Directors of the Minnesota Workers’ Compensation Reinsurance Association, The Insurance Federation of Minnesota and Small Sums, a Saint Paul, Minnesota-based nonprofit. He recently was on the board of the Minneapolis Urban League. He’s also a member of the Minnesota Society of CPAs, the American Institute of CPAs, the CFA Institute and the Insurance Accounting and Systems Association.

SFM is a customer-owned mutual insurance company providing Minnesota, Wisconsin, Iowa, Nebraska and South Dakota employers with workers’ compensation coverage. SFM offers workers’ compensation insurance for employers of all sizes, including claims and disability management, cost containment, legal assistance and third-party administration.

Source: SFM Mutual Insurance Co.

Topics Workers' Compensation Minnesota