Published:
Cincinnati Financial Corporation Director Appointed as Chief of Navy Reserve, United States Navy
CINCINNATI, July 3 /PRNewswire-FirstCall/ -- Cincinnati Financial
Corporation (Nasdaq: CINF) today announced that Dirk J. Debbink, a director on
the company's board since 2004, has been appointed Vice Admiral and Chief of
Navy Reserve, U.S. Navy. Debbink was recalled to active military duty in
Washington, D.C., and confirmed by the U.S. Senate effective June 27, 2008. He
tendered his resignation from the Cincinnati Financial board of directors,
effective June 30, 2008.
Thirteen directors serve on the board following Debbink's departure and
the previously announced addition of Kenneth W. Stecher to the board. Stecher
was named on June 16, 2008, as the company's president and chief executive and
appointed to the board effective July 1, 2008. John J. Schiff, Jr., CPCU,
continues as chairman of the board. James E. Benoski continues as vice
chairman of the board, as he transitions toward retirement.
Stecher commented, "Dirk was a member of our audit committee, now
comprised of six other independent directors, and our executive committee,
which also is a group of six directors with business and insurance expertise.
The talent on our board is deep, and we expect our directors will work
together without missing a beat. Our seasoned directors are great assets as we
work through a challenging period for our company, our insurance industry and
the financial sector.
"While we will miss working with Dirk, we are pleased to see this
well-deserved recognition of his dedication, character and leadership. We
understand that all Americans benefit from the willingness of our
highest-caliber leaders to serve our country. As he steps up to his new
responsibilities for the U.S. Navy, we thank him for all he did to step up for
Cincinnati Financial and our shareholders over the past four years."
Cincinnati Financial Corporation offers property and casualty insurance,
our main business, through our three standard market companies, The Cincinnati
Insurance Company, The Cincinnati Indemnity Company and The Cincinnati
Casualty Company. The Cincinnati Specialty Underwriters Insurance Company
provides excess and surplus lines property and casualty insurance. The
Cincinnati Life Insurance Company markets life and disability income insurance
and annuities. CSU Producer Resources Inc., is our excess and surplus lines
brokerage, serving the same local independent agencies that offer our standard
market policies. CFC Investment Company offers commercial leasing and
financing services. CinFin Capital Management Company provides asset
management services to institutions, corporations and nonprofit organizations.
For additional information about the company, please visit www.cinfin.com .
Mailing Address: Street Address:
P.O. Box 145496 6200 South Gilmore Road
Cincinnati, Ohio 45250-5496Fairfield, Ohio 45014-5141
SOURCE Cincinnati Financial Corporation
Copyright © 2008, PRNewswire
Copyright © 2008, NewsBlaze,
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