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Old Republic to Promote New Financial Management Executives
John Adams, a CPA, has been associated with Old Republic for the past eight years with responsibility for a variety of duties in the financial management of its business. Prior to that a substantial portion of his career had been in the investment banking business.
Charlie Boone, a CFA, has had management responsibility for substantially all the investment portfolios of the Company and its subsidiaries for the past sixteen years. In his new position he will retain those and certain added and related responsibilities and assume other duties as the Corporation's Treasurer.
In making these announcements, Al Zucaro, the Company's Chairman and Chief Executive Officer, said that, "We're fortunate in being able to address these succession appointments with talented executives with a fine track record within our organization. Together with several other executives in financial and administrative management areas, we have a good team to manage these facets of the Corporation's business."
About the Company
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 $7.4 billion and common shareholders equity of $2.5 billion. Its current stock market capitalization is approximately $3.4 billion.
For the latest news releases and other corporate documents on Old Republic International, free of charge via fax, simply dial 1-800-PRO-INFO, follow the voice mail menu prompts and enter the company's ticker symbol ORI on any touch tone phone, or access FRB's web site at: www.frbinc.com .
Visit Old Republic at: www.oldrepublic.com . MAKE YOUR OPINION COUNT - Click Here http://tbutton.prnewswire.com/prn/11690X99374123SOURCE Old Republic International Corporation
CONTACT: A.C. Zucaro, Chairman & CEO of Old Republic, +1-312-346-8100; or General info., Leslie Hunziker, +1-312-640-6760, firstname.lastname@example.org , Analysts, Leslie Loyet, +1-312-640-6672, email@example.com , or Media, Cindy Martin, +1-312-640-6741, firstname.lastname@example.org , all of The Financial Relations Board BSMG Worldwide