The state-owned worker's compensation insurer, SAIF Corp., named a new chief executive today, John Plotkin, an industry insider from Colorado.

Plotkin's selection ends speculation about whether the job—which currently pays $294,350 and is one of the state's plum public sector posts—would be a political appointment or go to a candidate with worker's comp expertise.

The SAIF Corporation Board of Directors today announced that John Plotkin will be SAIF’s next president and chief executive officer.

Plotkin is currently the interim CEO and vice-chair of the Board of Directors of Pinnacol Assurance in Denver, Colorado. Pinnacol is Colorado’s state workers’ compensation fund. Plotkin has served on the Pinnacol board since 2011, and has been interim CEO since January 2013. In addition, Plotkin currently is a partner in a business law firm in Denver. He earned his law degree at the University of Michigan and bachelor’s degree in economics at Brown University.

"We are very pleased to have John as the next leader of SAIF Corporation," said Board Chair Cathy Travis. “John came highly recommended by representatives of government, business, and labor in Colorado.”

Plotkin will replace Brenda Rocklin, who has served as president and CEO since August 2004. Plotkin will take up his new position on February 3, 2014, and Rocklin will stay on during the transition period.

SAIF is a not-for-profit public corporation providing workers’ compensation insurance services to Oregon’s employers and workers since 1914. It has more than 800 employees in 14 locations around the state.

SAIF is governed by a Board of Directors appointed by the governor. The president and CEO reports to the board.