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Old Republic International Announces Senior Executive Transitions
At the Old Republic parent company, Christopher S. Nard (46) was appointed President and Chief Operating Officer. He succeeds James A. Kellogg (58) who has elected to reduce his work commitment over time, and will now serve as Executive Vice Chairman with primary responsibility for system-wide strategic planning, enterprise risk management and corporate succession development. Both positions are direct reports to Aldo C. Zucaro (70) who continues as Old Republic's Chairman and Chief Executive Officer. All three individuals will continue in Old Republic's eight-member Office of the Chief Executive Officer ("OCEO"):
Charles S. Boone (56), Senior Vice President - Investments & Treasurer James A. Kellogg (58), Executive Vice Chairman Spencer LeRoy (63), Senior Vice President & General Counsel Karl W. Mueller (50), Senior Vice President & Chief Financial Officer Christopher S. Nard (46), President and Chief Operating Officer R. Scott Rager (61), Senior Vice President - General Insurance Rande K. Yeager (61), Senior Vice President - Title Insurance Aldo C. Zucaro (70), Chairman and Chief Executive Officer
In the Company's Mortgage Guaranty segment, Christopher S. Nard was also appointed Chairman of the Mortgage Insurance Companies. He succeeds William A. Simpson as Chairman and Jimmy Dew as Vice Chairman both of whom will continue as consultants to Old Republic's senior management, and as Board members of these companies and of Old Republic International Corporation. Additionally, Nard retains his responsibilities as President and Chief Executive Officer of the Mortgage Insurance Companies. The mortgage insurers' Board also appointed Ronald W. Buck (43), Chief Administrative Officer. Nard and Buck continue in the Mortgage Guaranty segment's seven member OCEO:
John V. Britti (50), Chief Operating Officer Ronald W. Buck (43), Chief Administrative Officer D. Christopher Cash (47), Chief Financial Officer Michael P. Derstine (40), Pricing Group Manager Kevin J. Henry (63), Claims Group Manager Christopher S. Nard (46), President and Chief Executive Officer Deron J. Streitenberger (42), Chief Information Officer
In the Company's Title Insurance segment, Mark A. Bilbrey (56) was appointed President of the Old Republic Title Companies. He succeeds Rande K. Yeager who retains his responsibilities as Chairman & Chief Executive Officer. Both men continue in the Title segment's OCEO which is being enlarged from its eight member configuration with the appointment of Cheryl A. Jones (57), Executive Vice President - Human Resources & Communications, and Charles J. Kovaleski (61), Executive Vice President of Old Republic National Title Insurance Company and President of the Attorneys Title Division. The Title Group's OCEO will therefore consist of the following individuals:
Mark A. Bilbrey (56), President, Title Insurance Companies Mark M. Budzinski (50), Executive Vice President and General Counsel Robert J. Chapman (54), Executive Vice President and Chief Information Officer Patrick A. Connor (52), Executive Vice President, National Services Group Gary J. Horn (56), Executive Vice President and Chief Financial Officer Cheryl A. Jones (57), Executive Vice President - Human Resources Charles J. Kovaleski (61), Executive Vice President R. Wayne Shupe (53), President - Western Title Operations Stephen C. Wilson (61), Vice Chairman Rande K. Yeager (61), Chairman & Chief Executive Officer
No changes were made at the OCEO of Old Republic's General Insurance Group. Its membership will continue as follows:
R. Gregory Ator (57), President, Bituminous Insurance Companies James A. Kellogg (58), ORI President and Chief Operating Officer Spencer LeRoy (63), ORI Senior Vice President, Secretary & General Counsel Karl W. Mueller (50), ORI Senior Vice President and Chief Financial Officer R. Scott Rager (61), ORI Senior Vice President/General Insurance Aldo C. Zucaro (70), ORI Chairman of the Board and Chief Executive Officer
In announcing all of the above, Zucaro noted that the Board's appointments at these senior executive levels ". . . augur well for the continuity of Old Republic's Mission as one of the nation's fifty largest publicly held insurance institutions. Each of these individuals brings time-tested, wide-ranging experience to their added responsibilities, and each is firmly grounded in Old Republic's service culture, value system, and long-term orientation in the management of the business."
About Old Republic
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, principally in the property and liability, mortgage guaranty and title insurance fields. One of the nation's 50 largest publicly held insurance organizations, Old Republic has assets of approximately $14.3 billion and common shareholders' equity of nearly $3.9 billion or $16.54 per share. Its current stock market valuation is approximately $2.5 billion or $10.39 per share.
For the latest news releases and other corporate documents on Old Republic International Corporation visit www.oldrepublic.com.
SOURCE Old Republic International Corporation