EMPLOYERS HOLDINGS INC (EIG)
Sector: Financials
Sector: Financials
EMPLOYERS HOLDINGS INC - Executive Compensation
Former Executive Vice President, Chief Financial Officer
Executive Compensation
Michael S. Paquette is a distinguished financial executive who served as Executive Vice President and Chief Financial Officer of Employers Holdings, Inc., a leading provider of workers' compensation insurance, from 2007 to 2020. In this pivotal role, he oversaw all aspects of the company's financial operations, including accounting, financial planning and analysis, treasury, tax strategy, and investor relations. Paquette played a key role in guiding Employers through the 2008 financial crisis, implementing robust risk management practices, and supporting the company's public listing on the New York Stock Exchange in 2007, which solidified its position as a stable industry player. Prior to joining Employers, Paquette built an extensive career in the insurance and financial services sectors. He held senior finance positions at major insurers such as Freman's Fund Insurance Company and The Hartford Financial Services Group, where he specialized in financial reporting, mergers and acquisitions, and regulatory compliance. A Certified Public Accountant with a Bachelor of Science in Accounting from the University of Rhode Island and an MBA from Bryant University, Paquette's expertise in GAAP and SEC reporting earned him a reputation for precision and strategic foresight. Under Paquette's leadership, Employers Holdings achieved consistent profitability, expanded its market share, and maintained strong capital adequacy ratios amid fluctuating economic conditions. His contributions included spearheading cost-efficiency initiatives that improved operating margins by over 20% during his tenure and fostering transparent investor communications that enhanced shareholder value. Paquette retired from Employers in 2020, leaving a legacy of financial discipline and growth that continues to benefit the organization.