CFO to Leave State Auto Financial
08 June 2006 - 7:00AM
Business Wire
State Auto Financial Corporation (NASDAQ:STFC) today announced that
Steven J. Johnston, the insurer's Chief Financial Officer, will
leave the company June 19, 2006. "I regret Steve's decision to
leave State Auto," said Robert P. Restrepo, Jr., President,
Chairman and CEO of STFC. "Steve made many contributions during his
21-year career here, not the least of which was developing a rich
reservoir of talent. They will allow us to move forward, focusing
on the management of our successful business." Cynthia A. Powell,
STFC Vice President and Comptroller, will assume responsibility for
finance and treasury. State Auto Financial Corporation,
headquartered in Columbus, Ohio, is a property and casualty
insurance holding company. The company markets its personal and
commercial insurance products through more than 22,300 independent
insurance agents associated with approximately 3,000 agencies in 27
states. The company has been named Forbes Magazine's "Best Managed
Insurance Company in America" for 2006 and is in a select group,
making up just 3% of publicly traded companies, earning the Mergent
Dividend Achiever Award for having increased its dividends for ten
or more years in succession. The State Auto Insurance Companies are
rated A+ (Superior) by the A.M. Best Company. Additional
information on the company can be found on its Web page at
www.STFC.com.
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