Bradley, Bessette Named Executive Vice Presidents of The St. Paul Companies.Business Editors SAINT PAUL Saint Paul, city (1990 pop. 272,235), state capital and seat of Ramsey co., E Minn., on bluffs along the Mississippi River, contiguous with Minneapolis, forming the Twin Cities metropolitan area; inc. 1854. , Minn.--(BUSINESS WIRE)--July 31, 2002 The St. Paul Companies (NYSE NYSE See: New York Stock Exchange :SPC 1. (business) SPC - Statistical Process Control. Something to do with quality management. 2. (body) SPC - Software Productivity Centre. 3. (company) SPC - Software Publishing Corporation. 4. ) announced today that Thomas A. Bradley, chief financial officer, and Andy F. Bessette, chief administrative officer A chief administrative officer (CAO) is responsible for administrative management of private, public or governmental corporations. The CAO is one of the highest ranking members of an organization, managing daily operations and usually reporting directly to the chief executive , have been named executive vice presidents in addition to their current titles. "The St. Paul has made great strides strategically and operationally over the past several months, and Tom Bradley and Andy Bessette have played key roles in leading those efforts," said Jay Fishman, chairman and chief executive officer. "Their new titles appropriately reflect their leadership positions." Bradley has responsibility for all of the company's financial and accounting operations including corporate actuarial, tax, investor relations Investor relations The process by which the corporation communicates with its investors. and corporate audit; and he also oversees information systems and ceded reinsurance The contract made between an insurance company and a third party to protect the insurance company from losses. The contract provides for the third party to pay for the loss sustained by the insurance company when the company makes a payment on the original contract. . Bessette has responsibility for The St. Paul's real estate, administrative services, telecommunications, government affairs, corporate communications, community affairs, aviation, and event management functions. Both Bradley and Bessette report to Fishman. Bradley has been chief financial officer since 2001. He joined The St. Paul in 1998 as senior vice president-finance and corporate controller, following the company's merger with USF&G. At USF&G, he served as vice president-property/liability finance and corporate controller from 1993-1998. He previously was vice president and chief financial officer-commercial insurance at the Zurich Insurance Group, and before that, vice president and controller of Zurich subsidiary, Maryland Casualty Company. He began his career as a senior accountant at Ernst & Young. Bessette has been chief administrative officer of The St. Paul since January 2002. He was previously vice president of Corporate Real Estate and Services for Travelers, and during his more than 20 years there, held a variety of management positions. He began his career at The Sheraton Corporation, where he was a marketing account executive. The St. Paul Companies, headquartered in Saint Paul, Minn., USA, provides commercial property-liability insurance and asset management services. The St. Paul reported 2001 revenues from continuing operations continuing operations Parts of a business that are expected to be maintained as an ongoing segment of an overall business operation. Income and losses from continuing operations are reported separately if any segments have been discontinued during the of $8.9 billion and total assets of $38.3 billion. For more information about The St. Paul and its products and services, visit the company's web site, www.stpaul.com. |
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