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Old Republic Announces Several Senior Executive Promotions
Concurrent with Jim Kellogg's appointment, an Office of the Chief Executive Officer ("OCEO") is being established for Old Republic's general insurance operations. The newly established Old Republic General Insurance OCEO will consist of Messrs. Zucaro and Kellogg, as well as Greg Ator, 49, President and Chief Executive Officer of the Bituminous Insurance subsidiaries, Scott Rager, 53, Chairman and Chief Executive Officer of the Great West Casualty subsidiaries, and Spencer LeRoy, 56, the Corporation's General Counsel. With Old Republic's three major property and liability companies represented, the OCEO management group is expected to achieve greater coordination of Old Republic's multi-line general insurance business in concert with the Corporation's overall corporate objectives.
The Company also announced the promotion of Gary Bishop, 55, to President of Old Republic Minnehoma Insurance Company and certain affiliated companies that are principally engaged in the sale of automobile extended warranties and lenders single interest insurance products. Len Milazzo, 49, was appointed President of Old Republic Insured Credit Services, Inc. and certain affiliated companies responsible for the Corporation's credit guaranty business covering home improvement and home equity loans. Bishop and Milazzo currently hold senior management positions with their respective companies.
The above changes take effect on October 1, 2002.
Chicago-based Old Republic International Corporation is an insurance holding company whose subsidiaries market, underwrite and provide risk management services for a wide variety of coverages in the property and liability, mortgage guaranty, title and life and health insurance fields. One of the nation's 50 largest publicly owned insurance organizations, Old Republic has assets of approximately $8.2 billion and capitalization of $3.1 billion. Its current stock market valuation is approximately $3.7 billion.
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CONTACT: A.C. Zucaro, Chairman & CEO of Old Republic, +1-312-346-8100, or General, George Zagoudis, +1-312-640-6663, email@example.com , or Analysts-Investors, Leslie Loyet, +1-312-640-6672, firstname.lastname@example.org , or Media, Tim Grace, +1-312-640-6667, email@example.com , all of FRB Weber Shandwick