Markel Group Inc. announced that Chairman Steven A. Markel will retire as Chairman upon the appointment of a successor and will not stand for re-election to the Board at the 2027 Annual Meeting. Effective September 8, 2026, CEO Thomas S. Gayner was appointed Chairman, succeeding Mr. Markel. The Board also promoted Simon Wilson and Andrew G. Crowley to Co-Presidents of Markel Group; Mr. Wilson serves as CEO of Markel Insurance and Mr. Crowley as CEO of Markel Ventures. Concurrently, the Compensation Committee approved base salary increases for Mr. Gayner to $1,210,000, Mr. Wilson to £1,083,520 (approximately $1,467,000 USD), and Mr. Crowley to $700,000. Additionally, the Board established a Leadership Council comprising the Chairman/CEO, Lead Independent Director Michael O’Reilly, and the Co-Presidents to enhance strategic coordination. Markel Group Inc. operates in the diversified financial services and industrial sectors, primarily providing specialty insurance and owning a portfolio of independent businesses.