FM Global, the loss‑prevention insurer headquartered in Rhode Island, confirmed Friday that its global headquarters will shift from Johnston to a new office at 10 Memorial Boulevard in downtown Providence. The company emphasized that the move is part of a long‑term regional strategy and that only a limited number of roles will be eliminated as a direct result of the relocation.
Local impact and mayor’s reaction
Johnston Mayor Joseph Polisena Jr. said the announcement left the town “blindsided,” noting that FM Global has been a major economic anchor for nearly two centuries. Polisena recalled previous assurances from the firm that it intended to expand, not relocate, and expressed concern for the town’s tax base and employment outlook.
Job changes and employee relocation
FM Global expects a small number of positions tied specifically to the Johnston building to be cut. Strategic communications lead Brian Amaral said, “We informed some colleagues whose roles support the Johnston facility that the move could impact their positions.” The company also said that several Johnston employees will be offered transfers to its offices in Boston, West Glocester and Norwood, Massachusetts, rather than to the new Providence headquarters.
City‑government response
Johnston Town Council members voiced disappointment and pledged to work with FM Global to keep the 93‑acre campus active. Councilman Al Carnevale said, “I hope we can work cooperatively with the company on its future plans while protecting Johnston’s jobs, economic interests and tax base.” Councilwoman Lauren Garzone added that the lack of prior notification undermined the transparency residents deserve.
Company’s broader regional strategy
Amaral highlighted FM Global’s commitment to Rhode Island, noting that the state has been the company’s home for nearly 200 years. He explained that the Providence move aligns with a regional strategy to deploy capabilities across Rhode Island and Massachusetts locations, better serving clients and partners. The new headquarters will occupy part of a ten‑story building that FM purchased from IGT, while existing tenants will remain.
Economic development context
Earlier in the week, the Massachusetts Office of Economic Development toured FM Global’s new science and technology center in Norwood, announcing that 96 new employees have been hired there this year with additional hiring expected in 2027. The transition to the Providence site is slated to begin after renovations are completed in late 2027.
Looking ahead
FM Global reiterated that it will continue to communicate directly with employees as the relocation progresses. The company’s statement underscored a “longstanding commitment to Rhode Island, our home for nearly two centuries,” and framed the move as a step toward strengthening the firm’s ability to serve its nationwide client base.
Original reporting: NBC 10 WJAR (Sinclair) – local — read the source article.
