James River Group segment CEO Schmitzer transitions to SVP Underwriting, retirement set for Oct 15, 2025

James River Group Holdings, Inc.

Richard Schmitzer stepped down as CEO of Excess & Surplus Lines segment effective July 31, 2025; remains as SVP Underwriting through Oct 15, 2025.
Amendment effective Aug 11, 2025 sets salary at $300K/yr, duties reporting to CEO Frank D'Orazio and serving as resource to segment President Todd Sutherland.
Termination benefits modified: severance only if terminated without cause, at $300K/yr for remaining term; no additional severance regardless of reason.
Schmitzer's employment will automatically terminate on Oct 15, 2025 (retirement); equity awards remain subject to prior plans.

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