21st Century Insurance Appoints Mel Spinella as Chief Financial Officer.Business Editors WOODLAND HILLS, Calif.--(BUSINESS WIRE)--June 23, 2003 Bruce W. Marlow, President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of 21st Century Insurance (NYSE NYSE See: New York Stock Exchange :TW), announced today that Mel Spinella has been appointed Senior Vice President and Chief Financial Officer for the company. Prior to joining 21st Century Insurance, Spinella was a partner in Deloitte & Touche, where he served in national leadership roles as Western Region Insurance Sector Leader, Western Region Financial Services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. Leader and National Insurance eBusiness Leader. Spinella served as the lead audit partner to the largest insurance and investment companies on the West Coast including Pacific Life Insurance, Farmers Insurance Group, and The Capital Group of Companies. "We are extremely pleased to have Mel join our team. He will strengthen our capabilities for performance measurement and long-term planning. Low costs and high quality service are the core of our strategy and Mel will help drive continual improvement Continual Improvement (also called incremental improvement or staircase improvement) is a process or productivity improvement tool intended to have a stable and consistent growth and improvement of all the segments of a process or processes. in these key areas," said Marlow. At Deloitte & Touche, Spinella was responsible for quarterly and annual SEC reporting by domestic and international filers, IPO's, debt offerings and numerous insurance acquisition and due diligence Research; analysis; your homework. This term has caught on in all industries, because it sounds so "wired." Who would want to do analysis or research when they can do due diligence. See wired. assignments. Spinella has published or presented over 15 articles on accounting and industry issues including his internationally recognized series of studies on the impact of e-business on the insurance industry. He has also held several officer and board positions with the Insurance Accounting and Systems Association's (IASA IASA IETF Administrative Support Activity IASA International Association of Software Architects IASA International Association of Sound and Audiovisual Archives (also seen as IASAA) IASA International Aviation Safety Assessment ) Los Angeles Chapter as well as having served the National IASA organization. Spinella earned a BSBA BSBA Bachelor of Science in Business Administration (degree) BSBA British Small Boatbuilders Association BSBA Burnt Swamp Baptist Association BSBA Bell Shoals Baptist Academy BSBA Brandenburgische Straßenbauamt from Drake University in Actuarial Science and Accounting. "I am excited to join 21st Century Insurance. This is a dynamic and well respected company which is poised for growth and opportunity," Spinella said. Founded in 1958, 21st Century Insurance is a pioneer in the marketing of personal automobile insurance, serving customers in California, Arizona, Nevada, Oregon and Washington. The company provides full service by its licensed agents, 24 hours a day, 365 days a year at 1-800-211-SAVE and its company web site, www.21st.com. 21st Century Insurance insures more than 1.2 million vehicles in California, holds an A+ (Superior) financial rating from A.M. Best, the world's oldest independent insurance rating and information service, and an A+ from Standard and Poors. |
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