Harford Mutual Announces Changes to Board of Directors

[L to R: Abigail Smith, Stephen Scott, Vernon Reid]

At its May 15 meeting, the Board of Directors of Harford Mutual approved and announced the following changes.

Abigail E. Smith, CPA, the first woman appointed to Harford Mutual’s board, was elected as its 12th chair.  A valued member of the board for the past 16 years, Smith is President of Abigail E. Smith, CPA, P.A., an accounting firm located in Baltimore, Maryland. With more than 35 years of public accounting experience, Smith provides comprehensive financial, consulting, and tax services to small- and medium-sized businesses.  Her primary industry focus is automotive, specifically automobile dealerships.

Smith is a member of The American Institute of Certified Public Accountants and Maryland Association of Certified Public Accountants.  She is a past Trustee of Associated Catholic Charities (ACC) and the Odyssey School Board, a private school specializing in educating children with language learning differences, where she also served a two-year term as board chair.

Throughout her years of service on the Harford Mutual board, Smith was a member of the Executive, Finance, Audit, Investment, and Incident Review (Chair) Committees.

Smith graduated with high honors from the University of Delaware with a Bachelor of Science Degree in Accounting.

Smith succeeds Stephen T. Scott as board chair. Scott has served as chair since 2013 and has been a valued board member for 23 years, witnessing a 71% growth in company revenue and a 48% growth in policyholders’ surplus. His leadership has helped the board and company through the development of two strategic plans, including the soon-to-be-released Vision 2027. Scott will remain a member of the board.

The board also named Vernon A. Reid Jr., as a new director. Reid is a retired investment professional, with extensive expertise in the area of fixed income portfolio trading and management, serving as Vice President at T. Rowe Price and as principal partner of V. A. Reid & Associates, a fixed income asset management firm.

In addition to his new role at Harford Mutual, Reid serves on the boards of Baltimore City Public School System Board of Commissioners, the Enoch Pratt Free Library, and Baltimore Educational Scholarship Trust (BEST).  His past board service includes Vice-President of the T. Rowe Price Foundation (Treasurer), The Walters Art Museum, and the Baltimore City Board of Finance.  He is a graduate of the Greater Baltimore Committee—Leadership and Maryland Leadership programs.  Reid attended the United States Naval Academy, holds a Bachelor of Science in Business Administration from Towson University, and an MBA in finance from Indiana University.

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