Cincinnati Financial Corporation Vice Chairman James E. Benoski to Retire from Executive Management
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- Ends active employment effective January 16, 2009
- Continues as vice chairman of the board
CINCINNATI, Dec. 23 /PRNewswire-FirstCall/ -- Cincinnati Financial
Corporation (Nasdaq: CINF) today confirmed another step in previously
announced executive transitions with the retirement from active employment of
Vice Chairman James E. Benoski, effective January 16, 2009. Benoski continues
to serve on the board of directors.
Benoski stepped down on July 1, 2008, from his positions as president,
chief operating officer and chief insurance officer of Cincinnati Financial
Corporation, chief executive officer and chief insurance officer of all of the
insurance subsidiaries and president of the lead insurance subsidiary, The
Cincinnati Insurance Company.
Benoski has served as a director of all property casualty insurance
subsidiaries since 1999 and as a director of Cincinnati Financial since 2000.
He joined the company's field claims operations in Alabama in 1971, relocating
two years later to the company's headquarters in Cincinnati. He was promoted
to vice president in 1983 and to senior vice president and manager of the
Headquarters Claims department in 1996.
Jack Schiff, Jr., CPCU, chairman of the board, commented, "Jim's
dedication, character and work ethic inspire associates at all levels. Jim
sees straight to the heart of any matter. As an executive officer, he has
masterfully brought our teams together and provided clear direction. People
across the insurance industry enjoyed working with Jim during his recent
service on the board of trustees for the American Institute of Chartered
Property Casualty Underwriters and the Insurance Institute of America. He also
served our community through membership in the Cincinnati Scholarship
Foundation."
Kenneth W. Stecher, president and chief executive officer, remarked,
"While we will continue to work with Jim at the board level, we'll miss his
hands-on daily involvement. Jim has been a friend and mentor. His influence
has led to many solid and unified decisions that help us prepare for a bright
future."
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 Life Insurance Company markets life and
disability insurance and annuities. The Cincinnati Specialty Underwriters
Insurance Company provides excess and surplus lines property and casualty
insurance. CSU Producer Resources Inc., our excess and surplus lines
brokerage, serves the same local independent agencies that offer our standard
market policies. CFC Investment Company offers commercial leasing and
financing services. For additional information about the company, please visit
www.cinfin.com.
SOURCE Cincinnati Financial Corporation
CONTACT: Investors, Heather J. Wietzel, +1-513-870-2768,
CINF-IR@cinfin.com, or Media, Joan O. Shevchik, +1-513-603-5323,
Media_Inquiries@cinfin.com, both of Cincinnati Financial Corporation/
Web site: http://www.cinfin.com
(CINF)
