Illinois-based insurance software firm Applied Systems has named Reid French as the company’s new chief executive officer.
As CEO, French will direct Applied Systems business strategy, develop client relationships, and oversee daily operations. He also becomes a member of the board of directors.
French succeeds James P. Kellner, a 26-year veteran of Applied Systems, who has served as chairman and CEO since 1998. Kellner takes on the role of non-executive chairman of the board. The company said Kellner remains a significant shareholder in the company, which is owned by private investment firm Bain Capital.
French most recently served as chief operating officer of Intergraph Corp., a geospatial and computer-aided design software company with 4,000 employees in more than 50 countries. During French’s seven-year tenure with the company, Intergraph grew from $525 million in annual revenue to more than $840 million, according to the company.
French holds a master’s degree in Business Administration from Harvard Business School and a bachelor’s degree from Davidson College. He serves on the board of directors of Gemcom International in Vancouver, British Columbia, and The Lovett School in Atlanta.
More than 130,000 users in 11,000 agencies use Applied Systems software.
Was this article valuable?
Here are more articles you may enjoy.
Trigger Warning: Cyber Policy Wordings to Impact Coverage for Tech Outage 
Surplus Lines Commercial Growth; Fla. Litigation Costs Reach New High in 2023 
Allstate, State Farm Sued Over $4 Billion Maui Fire Settlement 
Allstate Reports Second Quarter Pretax Catastrophe Losses of $2.1B 
