Carmel insurer looks within to find new CEO

Indiana Farmers Mutual Insurance Co. said President and CEO Daniel E. Stone will retire and will be succeeded by Kimberly O. Smith next January.

smith-kim-mug Smith

Stone had led the Carmel-based company since 1997 and is a member of its board. He will continue his board service beyond 2013, the insurer said in a statement.

CEO-elect Smith is a 32-year insurance veteran, joining Indiana Farmers Mutual in 2000. She is now executive vice president and legal counsel.

Smith earned a degree from Indiana University School of Law and has a bachelor’s from Indiana State University, where she is chairwoman-elect of ISU Foundation’s board.

She’s also a board member for Sycamore Foundation Holdings and of the Indiana Guaranty Association.

The 136-year-old Indiana Farmers Mutual provides auto, home, farm and business insurance.

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