Travelers 2004 Annual Report Download - page 214

PART III
Item 10. DIRECTORS AND EXECUTIVE OFFICERS OF THE REGISTRANT
Executive Officers of the Company
Set forth below is information concerning the Company’s executive officers as of March 10, 2005.
Name Age Office
Robert I. Lipp ....................... 66 Chairman of the Board of Directors
Jay S. Fishman ...................... 52 Chief Executive Officer, President and Director
Brian W. MacLean ................... 51 Co-Chief Operating Officer
T. Michael Miller .................... 46 Co-Chief Operating Officer
Charles J. Clarke ..................... 69 Vice Chairman
Irwin R. Ettinger ..................... 66 Vice Chairman
John A. MacColl ..................... 56 Vice Chairman
Jay S. Benet ......................... 52 Executive Vice President and Chief Financial Officer
William H. Heyman .................. 56 Executive Vice President and Chief Investment Officer
Andy F. Bessette ..................... 51 Executive Vice President and Chief Administrative Officer
Samuel G. Liss ...................... 48 Executive Vice President – Strategic Development
Kenneth F. Spence, III ................ 49 Executive Vice President and General Counsel
Kent D. Urness ...................... 56 Executive Vice President – International
Maria Olivo ......................... 40 Executive Vice President – Investor Relations
Doreen Spadorcia .................... 47 Executive Vice President – Claim
Joseph P. Lacher, Jr. .................. 35 Executive Vice President – Personal
John C. Treacy ...................... 41 Senior Vice President and Corporate Controller
Bruce A. Backberg ................... 56 Senior Vice President and Corporate Secretary
Robert I. Lipp, 66, has been Chairman of the Company since the merger of Travelers Property Casualty
Corp. (TPC) and The St. Paul Companies, Inc. (SPC) on April 1, 2004 (the Merger). Prior to that, he was
Chairman and Chief Executive Officer of TPC since December 18, 2001. Mr. Lipp also served as Chairman of
Travelers Insurance Group Holdings, Inc. (TIGHI, a subsidiary of TPC) from 1996 to March 2000 and from
January 2001 to October 2001, and was the Chief Executive Officer and President of TIGHI from 1996 to 1998.
During 2000, Mr. Lipp was a Vice-Chairman and member of the Office of the Chairman of Citigroup. He was
Chairman and Chief Executive Officer—Global Consumer Business of Citigroup from 1999 to 2000. From
October 1998 to April 1999, he was Co-Chairman Global Consumer Business of Citigroup. From 1993 to 2000,
he was Chairman and Chief Executive Officer of Travelers Insurance Group Inc., a TPC predecessor company.
From 1991 to 1998, he was a Vice-Chairman and Director of Travelers Group, Inc. and from 1991 to 1993, he
was Chairman and Chief Executive Officer of CitiFinancial Credit Company. Prior to joining Citigroup in 1986,
Mr. Lipp spent 23 years with Chemical New York Corporation.
Jay S. Fishman, 52, has been Chief Executive Officer and President of the Company since joining SPC in
October 2001. He held the additional title of Chairman of SPC from October 2001 until the Merger. Prior to
October 2001, Mr. Fishman was Chief Operating Officer of finance and risk for Citigroup, where he was
responsible for coordinating all risk and financial functions throughout that company. He was also then serving
as Chief Executive Officer and President of TIGHI (since 1998) and as Chairman (from March 2000 to January
2001), and as head of Citigroup’s global insurance businesses and the consumer business in Japan and Western
Europe. Mr. Fishman held several key executive posts at Primerica, Travelers and Citigroup from 1989 to
October 2001. Prior to 1989, Mr. Fishman was with Shearson Lehman Brothers, where he was senior vice
president of Merchant Banking. Previously, he was a principal in a private investment and leveraged buyout firm,
and director of mergers and acquisitions at American Can Company.
Brian W. MacLean, 51, has been Co-Chief Operating Officer of the Company since February 1, 2005.
Before that, he was Executive Vice President, Claim Services for the Company, and prior thereto, for TPC. Prior
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