---
schema_version: "secwatch.filing_event.v1"
accession: "0001096343-23-000009"
form_type: "8-K"
ticker: "MKL"
cik: "0001096343"
company_name: "MARKEL GROUP INC."
filed_at: "2023-02-07T23:59:59+00:00"
generated_at: "2026-06-19T22:26:29.964068+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Markel appoints Teri Gendron as CFO effective March 20, 2023

## Summary
- Gendron most recently CFO of Jefferies Financial Group (2014-2023); starts at Markel on March 20, 2023.
- Compensation: base salary ≥$650K, cash bonus target ≥100% of base salary, equity target ≥150% of base salary.
- Sign-on bonus of $395,000 with two-year retention clause; relocation package provided.
- Succeeds Jeremy Noble, who earlier became President of Markel's insurance operations.
- Gendron holds MBA from Georgetown, B.S. from UVA, and is a CPA.

## SEC filing metadata
- accession: 0001096343-23-000009
- form_type: 8-K
- ticker: MKL
- cik: 0001096343
- company_name: MARKEL GROUP INC.
- filed_at: 2023-02-07T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1096343/000109634323000009/0001096343-23-000009-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1096343/000109634323000009/mkl-20230207.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001096343-23-000009
- JSON: https://secwatch.observer/filing/0001096343-23-000009.json
- Plain text: https://secwatch.observer/filing/0001096343-23-000009.txt

## Key facts
- Executive change
  Teresa S. Gendron was appointed as Chief Financial Officer at MARKEL GROUP INC..
  - Action: will become
  - Role: Chief Financial Officer
  source text: On February 7, 2023, Markel Corporation (the Company) announced that Teresa S. Gendron will become the Company’s new Chief Financial Officer effective March 20, 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1096343/000109634323000009/0001096343-23-000009-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.