Liberty Mutual announced that Monica Caldas has been named executive vice president and chief information officer, effective January 2023. With this appointment, Caldas joins the company’s executive leadership team and will report to Tim Sweeney, who was appointed CEO of Liberty Mutual beginning in January 2023.

Caldas joined Liberty Mutual in 2018 and was promoted to deputy CIO in March 2022, responsible for the technology road map across the organization’s three business units: Global Risk Solutions, Global Retail Markets (GRM) and Liberty Mutual Investments. She was previously EVP and global CIO for GRM. Before Liberty Mutual, she worked at General Electric for 17 years, where she held roles of increasing responsibility across IT operations, software development and organizational effectiveness. She is an advocate for diversity, equity and inclusion (DEI) and is actively engaged in the company’s employee resource groups (ERGs) and working to inspire girls and young women to pursue STEM careers.

Caldas will succeed Liberty Mutual’s current EVP and CIO James McGlennon, who will retire at the end of 2022.

“James has revolutionized our technology function by building a culture of continuous learning, smart risk-taking and agility, and I’m grateful for the tremendous contributions he’s made to our company,” said David Long, Liberty Mutual’s chairman and CEO. “During an era of massive disruption and quickly evolving consumer expectations, James transformed our technology capabilities, spearheading a strategy that enabled us to stay ahead of technology’s pace of acceleration by collaborating with business partners to develop winning solutions for millions of customers worldwide.”

Also effective January 2023, Damon Hart has been named secretary in addition to his current role as EVP and chief legal officer. He will be responsible for overseeing governance for the company’s board of directors. Hart, who has been part of the company’s executive leadership team since 2021, will also report to Sweeney.

Hart joined Liberty Mutual in 2014 and was promoted to deputy chief legal officer in 2020. He is actively involved in the company’s ERGs and throughout the community where he coaches youth sports and mentors rising professionals. He is a founding member of The New Commonwealth Racial Equity and Social Justice Fund, a coalition of Black and Brown executives in Massachusetts working to address and eliminate racial inequity. He is also on the board of The Home for Little Wanderers, which is supported by the Liberty Mutual Foundation, and the New England Legal Foundation.

Mark Touhey, EVP, corporate secretary and chief of staff to the CEO, will retire at the end of 2022. He has worked at Liberty Mutual for 28 years, serving in multiple senior leadership positions across the Global Risk Solutions business unit, and talent and enterprise services and corporate finance departments.

Touhey is co-executive chairman of the organization’s ERG focused on employees of African descent and allies and is passionate about Liberty Mutual’s DEI journey. He also serves on the board of Boston-based nonprofit More than Words, a job training and youth development program that is supported by the Liberty Mutual Foundation, as well as The Partnership Inc., an organization that works with client companies to deliver leadership training to diverse and multicultural professionals at all stages of their career.