Markel Group Inc. announced that Mike Heaton will become executive vice president and chief operating officer, effective 27 February 2024. In this expanded role, he will oversee the day-to-day operations of the holding company and continue developing the system that supports Markel Group's family of companies. Heaton has a substantial track record supporting the businesses in Markel Group.

Most recently, he was Executive Vice President, where he led the transformation from Markel Corporation to Markel Group Inc. by establishing a more formal holding company identity, structure, and team. From 2016 to 2022, Heaton served as President of Markel Ventures, and he was Chief Operating Officer of Markel Ventures before that. As Executive Vice President and Chief Operating Officer, Heaton will oversee the day-to-day operations for Markel Group with an intentional focus on three core priorities: pursuing the best capital allocation opportunities, attracting and supporting top company leaders, and amplifying the cultural values in the Markel Style.

He will continue to report to Gayner from Markel Group's global headquarters in Glen Allen, Virginia.