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State Auto Names Cynthia A. Powell Chief Risk Officer

Stocks in this article: STFC

The State Auto Insurance Companies announced today that Cynthia A. Powell has been named chief risk officer. Powell joined State Auto in 1990 after serving three years as a certified public accountant with a predecessor to KPMG LLP. She was named vice president and comptroller in 2000, and currently serves as State Auto’s treasurer and chief accounting officer.

“Cindy is exceptionally well qualified for this important new role,” said State Auto President, Chairman and CEO Bob Restrepo. “She has the financial and technical skills, institutional knowledge and credibility and the passion to do what’s right for State Auto. Her leadership, energy and exceptional critical thinking and communication abilities will help us achieve a greater level of operating performance.”

As chief risk officer, Powell reports to Restrepo and is responsible for promoting corporate innovation, implementing enterprise risk management strategies and aligning all financial, technology and human resource capabilities to achieve strategic goals.

Powell holds a bachelor’s degree in economics from John Carroll University and is a member of the Ohio Society of Certified Public Accountants and the American Institute of Certified Public Accountants. She serves on the boards of The Jefferson Center for Learning and the Arts and OHA Insurance Solutions Inc., and is a past board member of the Central Ohio Radio Reading Service (now VOICEcorps).

The State Auto Insurance Companies 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, State Auto Florida, Milbank, Farmers Casualty, Meridian Security, Meridian Citizens Mutual, Beacon National, Beacon Lloyds, Patrons Mutual, Litchfield Mutual Fire, Rockhill Insurance, Plaza Insurance, American Compensation and Bloomington Compensation. Additional information on the State Auto Insurance Companies can be found online at http://www.StateAuto.com/.

Copyright Business Wire 2010

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