Hagerty Names New CFO

Hagerty has named Patrick McClymont as its next chief financial officer, effective Sept. 6, the company announced. He will succeed current CFO Fred Turcotte, who will retire but will remain with the company in a senior advisor role through 2023.

“On behalf of the Board of Directors and leadership team, we are grateful for Fred’s many contributions and the impact he has made on Hagerty, including the critical role he played in delivering consistent growth over the last decade, helping us complete our initial public offering and building experienced finance and IR functions,” said McKeel Hagerty, Chief Executive Officer of Hagerty. “Fred has been an exceptional CFO, a trusted advisor and a friend for many years, and while this announcement comes with mixed emotions, he leaves Hagerty in a strong position for future growth.”

“It has been an honor to work with our outstanding team every day to help drive growth and great financial results for Hagerty,” said Turcotte. “I’m very proud of the work we’ve accomplished together and I’m confident Patrick will continue to build on our momentum as Hagerty enters the next phase of its journey as a growth company.”

Most recently, McClymont was the CFO of Orchard Technologies, a residential real estate services company. He has held various senior leadership roles beyond finance where he developed and executed global strategies for corporate growth across multiple sectors including entertainment, business services and industrials, the company said. This is in addition to his experience as CFO for two publicly-listed companies including IMAX Corporation, an entertainment technology company, and Sotheby’s, a leader in auctions, private art sales and lending.