Crawford & Company promotes Michael J. Hoberman to CEO – US Operations; new employment agreement

CRAWFORD & CO

Michael J. Hoberman promoted to CEO – US Operations, effective Jan 1, 2026, reporting to interim CEO Bruce Swain.
New agreement: base salary $475,000; STIP target 57.5% of base; LTIP target $550,000 for 2026.
Sales incentive: 0.5% of quarterly billed US service fees for first 24 months per new sale.
At-will employment; severance of 12 months base salary if terminated without cause, subject to severance agreement.

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