Limited Brands CFO to join Progressive board

AP News
Posted: Dec 14, 2009 7:14 PM

Auto insurer Progressive Corp. said Monday that Stuart Burgdoerfer, chief financial officer of retailer Limited Brands Inc., has been named to fill a vacancy on Progressive's board.

Burgdoerfer, 46, will join the board for a term ending in April 2010.

Burgdoerfer also serves on the board of trustees of Spelman College, where he is chairman of the audit committee.

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Progressive said it will pay an annual dividend on Feb. 5 to shareholders of record Jan. 27, but did not provide an estimate of the 2009 payout.