State Auto Financial and State Automobile Mutual Announce New Board Chairs
19 November 2015 - 8:00AM
Business Wire
State Auto Financial Corporation (NASDAQ:STFC) today announced
that President and CEO Michael E. LaRocco has been named chairman
of STFC to succeed current Chairman Robert P. Restrepo Jr. upon his
retirement from the STFC board at the end of the year.
STFC’s parent, State Automobile Mutual Insurance Company (SAM),
also announced that James E. Kunk, currently its lead independent
director, has been named non-executive chairman of SAM to succeed
Restrepo upon his retirement from the SAM board at the end of the
year
LaRocco was named president and CEO of STFC and SAM in May 2015,
when he was also elected a director of both boards. During
LaRocco’s more than 35 years in the property and casualty insurance
industry, he’s led large national carriers and formed a technology
startup. His insurance career began with management and executive
roles at Progressive and GEICO. He joined Safeco Insurance
Companies in 2001 to lead their personal lines business and was
later named president and COO. In 2008, he was named president and
CEO of Fireman’s Fund Insurance Company. Before joining State Auto,
LaRocco was president and CEO of AssureStart, a Seattle-based
technology startup selling general liability and property insurance
to small businesses online.
Kunk, currently president of Huntington Bank’s Central Ohio
Region, has been a State Auto Mutual director since 2006. He’s held
several positions with Huntington since joining the bank in 1981,
including executive vice president of commercial and retail
banking, senior vice president and manager of private banking and
vice president of the national banking division. He serves on a
number of business and charitable boards, including the Columbus
College of Art and Design, Experience Columbus, Franklin County
Convention Authority, Ohio Bankers League, Columbus Chamber of
Commerce and the Wexner Center Foundation. Kunk is a graduate of
The Ohio State University and the Graduate School of Banking at the
University of Wisconsin-Madison.
State Auto Financial Corporation, headquartered in Columbus,
Ohio, is a super regional property and casualty insurance holding
company and is proud to be a Trusted Choice® company partner and
one of Forbes’ 50 Most Trustworthy Financial Companies in America.
STFC stock is traded on the NASDAQ Global Select Market, which is a
segment of the NASDAQ Global Market with the highest initial
listing standards of any exchange in the world.
The insurance subsidiaries of State Auto Financial Corporation
are part of the State Auto Group. The State Auto Group markets its
insurance products throughout the United States, through
independent insurance agencies, which include retail agencies and
wholesale brokers. The State Auto Group is rated A- (Excellent) by
the A.M. Best Company and includes State Automobile Mutual, State
Auto Property & Casualty, State Auto Ohio, State Auto
Wisconsin, Milbank, Meridian Security, Patrons Mutual, Rockhill
Insurance, Plaza Insurance, American Compensation and Bloomington
Compensation. Additional information on State Auto Financial
Corporation and the State Auto Insurance Companies can be found
online at http://www.StateAuto.com/STFC.
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version on businesswire.com: http://www.businesswire.com/news/home/20151118006633/en/
State Auto Financial CorporationTara ShullInvestor Relations and
Finance Director614-917-4478F
614-887-1793Tara.Shull@StateAuto.comorKyle AndersonAVP/Director of
Corporate Communication614-917-5497M
614-477-5301Kyle.Anderson@StateAuto.com
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