Travelers 2005 Annual Report Download - page 234

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positions with Citigroup from 1995 through 2002, including the position of chairman of Citigroup
Investments from 2000 to 2002. Prior to joining Citigroup in 1995, Mr. Heyman was, successively, a
managing director of Salomon Brothers; Direc tor of the Division of Market Regulation of the U.S.
Securities and Exchange Commission; and a managingdirector of Smith Barney.
Brian W. MacLean, 52, has been Executive Vice President and Chief Operating Officer since
May 2005. Prior to that, he had 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 to that, Mr. MacLean served as President of Select Accounts for TIGHI from July 1999 to
January 2002. He also served as Chief Financial Officer of Claim Services from March 1993 to June 1996.
From June 1996 to July 1999, Mr. MacLean was Chief Financial Officer for Commercial. He joined TIGHI
in 1988.
Andy F. Bessette, 52, has been Executive Vice President and Chief AdministrativeOfficer of the
Company since the Merger, and prior to that, he held the same offices with SPC since joining SPC in
January 2002. Before that, he was vice president of Corporate Real Estate and Services for TPC. From
1980 to December 2001, Mr. Bessette held a number of management positions at TIGHI.
Kenneth F. Spence, III, 50, 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.
Doreen Spadorcia, 48, has been Executive Vice President—Claim, since March 2, 2005. Prior to that,
she was President and Chief Executive Officer of Bond operationsfor the Company since the Merger and,
before that, for TPC since June2002. 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.,36, has been Executive Vice President of Personal 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 in1991.
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, 2006 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, 2006 is incorporated herein by
reference.
Code of Ethics
The Company has adopted a Code of Business Conduct and Ethics (“Code of Ethics”) that applies to
all employees, including executive officers, and to directors. The Code of Ethics is available on the
Corporate Governance page of the Company’s internet website at www.stpaultravelers.com . If the Company
ever were to amend or waive any provision of its Code of Ethics that applies to the Company’s principal
executive officer, principal financial officer, principal accounting officer, or any person performing similar
functions, the Company intends to satisfy its disclosure obligations with respect to any such waiver or