David W. Lester appointed Chief Financial Officer.LOUISVILLE, Ky.--(BUSINESS WIRE)--Nov. 12, 1996-- Stratton-Cheeseman Management Company (SCMC) today announced the appointment of David W. Lester to the newly-created position of Chief Financial Officer for all SCMC operations. As CFO See Chief Financial Officer. , Lester will be responsible for financial reporting and planning for all companies under the Stratton-Cheeseman umbrella. Currently, there are three insurance companies in the SCMC group, with combined assets of over $550 million. Lester will also be actively involved in merger and acquisition activities and capital-raising efforts. A certified public accountant Certified Public Accountant (CPA) An accountant who has met certain standards, including experience, age, and licensing, and passed exams in a particular state. , Lester had been employed as Senior Vice President & COO with Kentucky Medical Insurance Company, one of the companies managed by SCMC. Previous to that, he was a senior manager with KPMG Peat Marwick in New York, New York and in Louisville, Kentucky. William B. Cheeseman, President and Chief Executive Officer of the SCMC group, states, "We are on the verge On the Verge (or The Geography of Yearning) is a play written by Eric Overmyer. It makes extensive use of esoteric language and pop culture references from the late nineteenth century to 1955. of new and exciting times for our group of companies. Our aggressive growth in the marketplace, coupled with additional mergers and acquisitions, will catapult us into the 21st century. David will play a key role in helping us achieve these goals." A 1975 graduate of Western Kentucky University Student Body Profile WKU had a total enrollment in the Fall Semester of 2002 (the latest published figures) of 17,818 students. Out of this total, 73% were full-time and 85% were undergraduates. Ethnic and racial minority enrollment was just under 13% at 2,097. , Lester currently serves on the Board of Directors of the American Diabetes Association The American Diabetes Association, or the ADA, is an American health organization providing diabetes research, information and advocacy. Founded in 1940, the American Diabetes Association conducts programs in all 50 states and the District of Columbia, reaching hundreds of , Kentucky chapter, and on several affiliated companies' boards. The companies managed by SCMC market an array of insurance products and services to health care professionals and facilities as well as other businesses. SCMC is headquartered in East Lansing, Michigan East Lansing is a city in the U.S. state of Michigan. The city is located directly east of Lansing, Michigan, the state's capital. Most of the city is within Ingham County, though a small portion lies in Clinton County. and has divisional or subsidiary offices in Chicago, Indianapolis, Louisville and Minneapolis. The SCMC group insures more than 7,000 health care providers and 1,300 businesses. CONTACT: Kentucky Medical Insurance Company, Louisville Cynthia E. Hess, 502/339-5700 |
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