Hagerty, an automotive lifestyle and insurance provider based in Traverse City, has appointed Jay Koval to senior vice president of investor relations (IR).
In his new role, Koval will guide the development of the company’s investor relations and focus on building relationships with the investment community. He will report to Frederick J. Turcotte, CFO of Hagerty, and collaborate with senior leaders across the company.
“We are very excited to welcome Jay into this strategic position at Hagerty,” says Turcotte. “He brings outstanding credentials and expertise to our investor relations efforts, has a fantastic perspective on the dynamics of a publicly traded company from an investor point-of-view, and he understands how to build and grow a highly effective investor relations program.”
Koval brings Hagerty more than two decades of expertise through investor relation lead roles and capital markets experience. In addition to helping newly listed public companies develop their IR functions over the last three years, Koval created world-class IR programs at Brown-Forman, a U.S. spirits company, and Starwood Hotels and Resorts, a global lifestyle brand company.
Prior to his investor relations engagements, Koval worked as a buy-side analyst at Invesco Funds Group as well as a sell-side analyst at Bank of America Securities. He began his career on Wall Street working in investment banking at JP Morgan on their consumer/retail team.
“I am excited to join Hagerty and help this exciting, forward-leaning company communicate its value proposition to investors,” says Koval. “There are roughly 43 million collectible vehicles in our U.S. total addressable market, and even more globally, positioning us well to deliver high rates of sustained, profitable growth over the coming decade. As a car enthusiast, I’m looking forward to collaborating with industry leaders who are passionately focused on saving driving and car culture for future generations.”
