State Auto Financial Elects New Board Member, Audit Committee Chair
August 13 2010 - 1:00PM
Business Wire
Eileen A. Mallesch was elected today to the board of directors
of State Auto Financial Corporation (NASDAQ:STFC) and was elected
chair of the board’s Audit Committee.
Mallesch most recently served as senior vice president and chief
financial officer of Nationwide Property and Casualty Insurance
Company. From 1998 to 2005, she served General Electric Co. as
senior vice president and chief financial officer of Genworth Life
Insurance, vice president and chief financial officer of GE
Financial Employer Services Group, and controller of GE Americom.
Mallesch earlier held finance leadership roles at Asea Brown Boveri
and PepsiCo and was an auditor for Arthur Anderson, where she
earned her CPA. She is currently a member of the board of directors
and chair of the Audit Committee of Bob Evans Farms Inc.
A summa cum laude graduate with a bachelor’s degree in
accounting from the City University of New York, Mallesch is also a
member of the American Institute of Certified Public
Accountants.
“Eileen brings considerable financial expertise to our board, as
well as a broad background in the insurance sector,” said STFC
Chairman and CEO Bob Restrepo. “Her 25 years of experience includes
finance and business strategy roles in insurance,
telecommunications, consumer products and manufacturing. She will
be a tremendous asset as we continue our work to protect the
financial interests of our policyholders and shareholders.”
Mallesch, 54, fills the Class III seat vacated by Richard K.
Smith, who resigned from the board on July 2, 2010.
State Auto Financial Corporation, headquartered in Columbus,
Ohio, is a super regional property and casualty insurance holding
company. The company markets its personal and business insurance
products through independent insurance agencies in 34 states and
the District of Columbia and is proud to be a Trusted Choice®
company partner. STFC stock is traded on the NASDAQ Global Select
Market, which represents the top third of all NASDAQ listed
companies.
The insurance subsidiaries of State Auto Financial Corporation
are part of the State Auto Group. The State Auto Group is rated A+
(Superior) by the A.M. Best Company and includes State Automobile
Mutual, State Auto Property & Casualty, State Auto National,
State Auto Ohio, State Auto Wisconsin, State Auto Florida, Milbank,
Farmers Casualty, Meridian Security, Meridian Citizens Mutual,
Beacon National, Beacon Lloyds, Patrons Mutual and Litchfield
Mutual Fire. Additional information on State Auto Financial
Corporation and the State Auto Insurance Companies can be found
online at http://www.StateAuto.com.
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