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GEICO CORPORATION BOARD NAMES O.M. NICELY CEO OF GEICO, ITS LARGEST SUBSIDIARY

 GEICO CORPORATION BOARD NAMES O.M. NICELY CEO OF GEICO,
 ITS LARGEST SUBSIDIARY
 WASHINGTON, Dec. 18 /PRNewswire/ -- William B. Snyder, chairman of the board and chief executive officer of GEICO Corporation (NYSE: GEC), has announced that the board of directors appointed Olza M. (Tony) Nicely to the additional title and responsibilities of chief executive officer of Government Employees Insurance Company (GEICO), the corporation's largest subsidiary, effective Jan. 1, 1992. Nicely will continue as the subsidiary's president and Snyder as its chairman.
 Edward H. Utley will continue as president of GEICO Corporation and chairman and chief executive officer of GEICO Indemnity Company, a GEICO subsidiary.
 "Mr. Nicely's broad experience in all facets of GEICO's auto and home insurance business makes him ideally suited to run its largest subsidiary," said Snyder. Snyder also noted that Nicely is expected to succeed him as CEO of GEICO Corporation when Snyder and Utley retire in 1994.
 Nicely, 48, has worked for Government Employees Insurance Company for 30 years. He has held many positions throughout the organization, including regional vice president, senior vice president and executive vice president. He has been president for the last two years. He was born in Clifton Forge, Va., and is a graduate of Georgia College. Nicely is married, has two children and resides in Great Falls, Va.
 The board also announced that effective Jan. 1, 1992, Noel Chandonnet, GEICO regional vice president in Woodbury, N.Y., is appointed senior vice president of Government Employees Insurance Company. He will relocate to Washington and report to Nicely.
 Chandonnet joined GEICO in 1959 in the claim department and subsequently became claim vice president in 1984. he was appointed vice president, human resources, in 1986 and regional vice president in Woodbury in 1988. He is a graduate of Georgetown University and the University of Baltimore Law School. He is married, has six children and resides in Laurel Hollow, N.Y.
 GEICO Assistant Vice President Richard Van Essendelft will succeed Chandonnet as regional vice president in Woodbury, effective Jan. 1, 1992. He will report to Nicely.
 Van Essendelft joined the company in 1956 as a sales/service representative. After holding many positions he was appointed assistant vice president in 1979 to manage all policy functions in the Woodbury regional office. In 1987 he became profit center manager for the countrywide residual (assigned risk) market. A graduate of Shepherd College, Shepherdstown, W.Va., he is married, has two children and resides in West Sayville, N.Y.
 -0- 12/18/91
 /CONTACT: Jody Goulden of GEICO Public Relations, 301-986-2266/
 (GEC) CO: GEICO Corporation ST: District of Columbia IN: INS SU: PER


TW-MH -- DC009 -- 3436 12/18/91 13:01 EST
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Publication:PR Newswire
Date:Dec 18, 1991
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