Alan D. Schnitzer has been the CEO of The Travelers Companies since 2015, stepping into the role after a clear succession plan. Under his leadership, the company has focused on both insurance and social issues, playing a role in community...
Alan D. Schnitzer has been the CEO of The Travelers Companies since 2015, stepping into the role after a clear succession plan. Under his leadership, the company has focused on both insurance and social issues, playing a role in community and racial justice efforts. His total annual compensation in 2023 was over $21 million, which is a reflection of the company's strong performance, even as it navigated challenges like natural disasters. What’s interesting is that Schnitzer does not receive stock options—instead, he is compensated through performance shares that reward long-term success. His approach aligns with Travelers' philosophy of prioritizing sustainable growth over short-term gains. Schnitzer also benefits from perks like personal security and a company car—important for someone in his role, where safety is paramount. Beyond the numbers, Schnitzer has a deep understanding of the complexities of insurance, making him a key figure in a critical industry. Travelers is also known for its law enforcement liability policies, demonstrating how Schnitzer's leadership touches on significant social conversations. Altogether, Schnitzer is not just a corporate leader; he's navigating both market challenges and societal needs with a long-term view.