State Auto Financial Announces Retirement of CFO
May 03 2021 - 3:30PM
Business Wire
State Auto Financial Corporation (NASDAQ:STFC) announced that
Steven E. English, senior vice president and chief financial
officer, intends to retire after a 21-year career with the company.
An executive search firm has been retained to assist in identifying
a successor. English will remain with the company through Dec. 31,
2021, to ensure an orderly transition of duties.
English joined State Auto in 2001 as part of the company’s
affiliation with Meridian Insurance Group, where he served as chief
financial officer and treasurer. Prior to joining Meridian in 2000,
English was vice president of planning for Conseco, having begun
his career with Coopers & Lybrand in 1982. English is a
graduate of Indiana State University.
“Steve has been instrumental in the growth of our company over
the past two decades and the transformation of our business over
the past six years,” said STFC Chairman, President and CEO Mike
LaRocco. “Steve has ensured a strong financial position for STFC
through his thoughtful and disciplined decision making and has a
proven record of success collaborating with investors, lenders,
regulators and boards of directors. I personally want to thank him
for being a trusted advisor to me and so many others, and wish him
the very best in his well-deserved retirement.”
“It’s been a privilege to work alongside the talented associates
who are part of our Finance organization and those throughout the
company,” said English. “I’m proud of the progress we’ve made and
the team we’ve built, and I’m committed to ensuring a smooth
transition.”
About State Auto Financial Corporation
State Auto Financial Corporation, headquartered in Columbus,
Ohio, is a super regional property and casualty insurance holding
company. STFC stock is traded on the NASDAQ Global Select Market,
which represents the top fourth of all NASDAQ listed companies.
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.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20210503005416/en/
Investor contact: Natalie Schoolcraft,
Natalie.Schoolcraft@StateAuto.com, 614.917.4341 Media contact: Kyle
Anderson, Kyle.Anderson@StateAuto.com, 614.917.5497
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