21st Century Insurance Announces Additions to Board of Directors.Business Editors WOODLAND HILLS, Calif.--(BUSINESS WIRE)--Dec. 30, 2002 21st Century Insurance Group (NYSE NYSE See: New York Stock Exchange :TW) today announced changes to its Board of Directors designed to enhance its corporate governance Corporate Governance The relationship between all the stakeholders in a company. This includes the shareholders, directors, and management of a company, as defined by the corporate charter, bylaws, formal policy, and rule of law. and broaden the overall expertise of its Board. The Company has expanded the size of its Board from nine to eleven and named three new directors, Mr. Keith Renken, Mr. Fred Martin, and Mr. Jeff Hayman. Mr. Renken retired as Senior Partner and Chairman, Executive Committee of Southern California, of accounting firm Deloitte & Touche in 1992 after 33 years with the firm. He is currently an Adjunct Professor at the University of Southern California The U.S. News & World Report ranked USC 27th among all universities in the United States in its 2008 ranking of "America's Best Colleges", also designating it as one of the "most selective universities" for admitting 8,634 of the almost 34,000 who applied for freshman admission and member of the Board of East West Bank. Mr. Renken is active in numerous civic organizations. Mr. Martin consults with a wide range of firms on governmental relations in California and nationally. He retired as Senior Vice President and Director of Governmental Relations of Bank of America
Bank of America (NYSE: BAC TYO: 8648 ) is the largest commercial bank in the United States in terms of deposits, and the largest company of its kind in the world. in 1993, after serving 22 years with the firm. Prior to Bank of America, Mr. Martin was the chief spokesperson for the San Francisco business community through his position with the Greater San Francisco Chamber of Commerce and editor of San Francisco Business. He also previously held writing and editorial positions with The Denver Post, the Associated Press and the San Francisco Examiner The San Francisco Examiner is a U.S. daily newspaper. It has been published continuously in San Francisco, California, since the late 19th Century. History 19th century The beginning of the Examiner is a topic of some controversy. and served as an Infantry Lieutenant in the United States Army United States Army Major branch of the U.S. military forces, charged with preserving peace and security and defending the nation. The first regular U.S. fighting force, the Continental Army, was organized by the Continental Congress on June 14, 1775, to supplement local . Mr. Martin is a Visiting Scholar at the Institute of Government Study at the University of California The University of California has a combined student body of more than 191,000 students, over 1,340,000 living alumni, and a combined systemwide and campus endowment of just over $7.3 billion (8th largest in the United States). in Berkeley. Mr. Martin is a director of the Abraham Lincoln Institute and the America Running Association. Mr. Hayman joined American International Group
American International Group, Inc. (AIG) (NYSE: AIG; TYO: 8685 ) is a major American insurance corporation based in New York City. , Inc. ("AIG AIG addressee indicator group (US DoD) AIG American International Group, Inc AiG Answers in Genesis (religious group in defense of Scripture) AIG Artificial Intelligence Group AIG Australian Industry Group ") in 1998 and is currently Regional Vice President for Direct & Sponsored Marketing of personal lines products in Japan and Korea. From 1983 to 1998, Mr. Hayman served in various positions in personal lines with Travelers Property & Casualty Company. Mr. Hayman is a Chartered Financial Consultant and Chartered Life Underwriter. Mr. Hayman replaces William Dooley, Senior Vice President, AIG Financial Services, who announced his resignation from the Board. Mr. Renken and Mr. Martin will join current director, John B. De Nault III, as the Company's Audit Committee. Mr. De Nault continues as Chair of the Audit Committee. "The addition of Keith Renken and Fred Martin provides us two additional independent directors with proven financial and business expertise. Keith's 33-year career in public accounting speaks for itself. Fred's experience in the regulatory and political arenas will help the Audit Committee and the Board assess the Company's risks and develop its positions in these areas," said Bruce Marlow, 21st Century President and Chief Executive Officer. "We will miss Bill Dooley's contributions to our Board, especially in the area of investment strategy," explained Marlow, "but we look forward to working with Jeff Hayman and getting his insights on direct marketing strategies." Founded in 1958, 21st Century Insurance Group is a pioneer in the direct-to-consumer marketing of personal automobile insurance serving customers in California, Arizona, Nevada, Oregon and Washington. The Company provides full service 24 hours a day, 365 days a year at 1-800-211-SAVE and its website, www.21st.com. 21st Century is rated A+ (Superior) by A.M. Best and A+ by Standard & Poor's. 21st Century Insurance Group is traded on the New York Stock Exchange New York Stock Exchange (NYSE) World's largest marketplace for securities. The exchange began as an informal meeting of 24 men in 1792 on what is now Wall Street in New York City. under the trading symbol TW and is headquartered at 21st Century Plaza, 6301 Owensmouth Avenue, Woodland Hills, CA 91367. |
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