The Progressive has announced Jonathan Bauer as its new Chief Investment Officer, effective January 3, 2020, following the previously announced retirement of William Cody. Cody will be retiring after 23½ years at Progressive, including nearly 17 years as Chief Investment Officer. Prior to Progressive, he spent 5 years with Bank of America in various fixed-income roles in Chicago and London. Mr. Bauer received his bachelor's degree from the University of Michigan and his MBA from Columbia Business School.