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The Boston Globe

Business

Liberty Mutual’s Ted Kelly stepping down as chairman

Edmund F. “Ted” Kelly, who led Liberty Mutual Group to a threefold revenue increase while earning some $200 million in his last four years as chief executive, will step down as chairman this summer and end more than two decades with the company, the Boston insurer said Wednesday.

Kelly, 67, of Weston, joined the company as president in 1993, became chief executive in 1998, and added the title of chairman in 2000. He retired as chief executive in 2011, succeeded by David Long, who will also replace Kelly as chairman of the board of directors. The change takes effect June 28.

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