After nine years in the corner office, Marilyn McLaren is retiring as president and CEO of Manitoba Public Insurance.
The board of directors of the provincial crown will start looking for her replacement in time for her last day which will be February 21, 2014.
McLaren has been with the provincial auto insurer for 35 years and was named president and CEO in 2004.
She was the corporation’s first female CEO and only the sixth head of the 41-year-old company.
Her retirement comes on the heels of MPI’s application for a rate increase, its first in a decade.
During her tenure as head of the crown corporation, auto theft has declined by 85 per cent after an aggressive campaign including the widespread introduction of immobilizers. As well, the provincial Driver and Licensing branch was brought under MPI’s umbrella, bringing in a broader spectrum of services.
Asked whether there were any significance to the timing of her retirement, McLaren said, "I turned 60 a few months ago. I think this organization is a strong as it’s ever been. I have an amazing team here and I just think it was the right time."