Travelers 2004 Annual Report Download - page 216

Kenneth F. Spence, III, 49, has been Executive Vice President and General Counsel of the Company since
August 2004. From the date of the Merger until August 2004, Mr. Spence served in several leadership positions
in the Company’s Legal Services group, and from April 1998 until the Merger, in SPC’s Legal Services Group.
Mr. Spence joined SPC in April 1998, upon SPC’s merger with USF&G Corporation, where he had served as
legal counsel.
Kent D. Urness, 56, has been Executive Vice President-International Insurance Operations of the Company
since the Merger, and prior to that, he held the same office with SPC since July 2001. From 1993 to 1999, Mr.
Urness oversaw SPC’s international operations in Europe, and in 1999, he was named Senior Vice President-
Global Specialty Practices SPC. Prior to 1993, Mr. Urness held several management positions in SPC’s U.S.
insurance operations since joining SPC in 1971.
Maria Olivo, 40, has been Executive Vice President – Investor Relations since the Merger. Prior to that, she
was Executive Vice President, Business and Corporate Development and Investor Relations of TPC since June
2002. Ms. Olivo joined TPC from Swiss Re Capital Partners where she was a Managing Director involved in
Strategic Investments and Corporate Development from April 2000 to June 2002. Prior to that, she was a
Director at Salomon Smith Barney where she worked on numerous initial public offerings, mergers and
acquisitions and public debt offerings.
Doreen Spadorcia, 47, has been Executive Vice President – Claim, since March 2, 2005. Prior to that, she
was President and Chief Executive Officer of Bond operations for the Company since the Merger and, before
that, for TPC since June 2002. From 1994 to May 2002, she managed the TPC Bond claim operation and served
as General Counsel of that business unit. She joined TIGHI in 1986 as a claim attorney.
Joseph P. Lacher, Jr., 35, has been Executive Vice President of Personal insurance operations for the
Company since January 2005 and prior to that, he had been Senior Vice President of the Company in charge of
those operations. Prior to the Merger, he was Executive Vice President – Personal for TPC. Before that, he was
Senior Vice President of Product & Actuarial for TPC’s Personal insurance operations since April 2001. Mr.
Lacher was Senior Vice President of Personal Strategic Distribution for TIGHI from April 1999 to April 2001,
and from April 1996 to April 1999, he was Chief Financial Officer of Select Accounts. Mr. Lacher joined TIGHI
in 1991.
John C. Treacy, 41, has been Senior Vice President and Corporate Controller of the Company since
December 2004. From March 2001 until the Merger, he was SPC’s Vice President and Corporate Controller, and
he held the same title with the Company until December 2004. Mr. Treacy joined SPC in 1989 from Ernst &
Young and has held various accounting and financial reporting positions since that time.
Bruce A. Backberg, 56, has been Senior Vice President and Corporate Secretary of the Company since the
Merger. Prior to that, he held the same offices at SPC since November 1997. Mr. Backberg joined SPC in 1972
and has held various positions in the SPC’s Legal Services group since that time.
The “Section 16(a) Beneficial Ownership Reporting Compliance” section of the Company’s Proxy
Statement relating to its Annual Meeting of Shareholders to be held May 3, 2005 is incorporated herein by
reference.
The “Election of Directors — Nominees for Election as Directors” section of the Proxy Statement relating
to the Annual Meeting of Shareholders to be held May 3, 2005 is incorporated herein by reference.
Code of Ethics
The Company has adopted a Code of Business Conduct and Ethics that applies to all employees, including
executive officers, and to directors. The Code of Business Conduct and Ethics is available on the Corporate
Governance page of the Company’s internet website at www.stpaultravelers.com. If the Company amends the
code of ethics as it applies to the Company’s principal executive officer, principal financial officer or principal
accounting officer, or grants any of these persons an exception from the code of ethics, and such amendment or
exception would otherwise require disclosure on a Form 8-K, the Company intends to satisfy such disclosure
requirement by posting such information on its Internet website set forth above rather than by filing a Form 8-K.
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