Travelers 2011 Annual Report Download - page 267

Investment Officer of the Company since the Merger. Prior to the Merger, he held those same offices
with SPC since he joined SPC in May 2002. Mr. Heyman held various executive 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; Director of the Division of Market Regulation of the U.S. Securities and Exchange
Commission; and a managing director of Smith Barney.
Alan D. Schnitzer, 46, has been Vice Chairman and Chief Legal Officer since joining the Company
in April 2007 and Executive Vice President—Financial, Professional and International Insurance since
May 2008. Prior to that time, he was a partner at the law firm of Simpson Thacher & Bartlett LLP,
where he advised corporate clients on a variety of transactions and general corporate law matters.
Mr. Schnitzer joined Simpson Thacher in 1991.
Brian W. MacLean, 58, has been Chief Operating Officer since May 2005 and President since June
2008. Prior to that, he had 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 Lines.
He joined TIGHI in 1988.
Andy F. Bessette, 58, has been Executive Vice President and Chief Administrative Officer 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, 56, has been Executive Vice President and General Counsel of the
Company since January 2005. From August 2004 to January 2005, he was Senior Vice President and
General Counsel. Prior to that, 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, 54, has been Chief Executive Officer—Personal Insurance and Executive Vice
President—Claim Services, since July 15, 2009. From March 2, 2005 to July 15, 2009, she was Executive
Vice President—Claim Services. 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.
Maria Olivo, 47, has been Executive Vice President—Treasurer since June 2009 and head of
Strategic Development since July 2010. Prior to that, she was Executive Vice President—Market
Development since October 2007. Since joining the company in 2002, Ms. Olivo has held a number of
executive positions, including leading Corporate Development, Investor Relations and Corporate
Communications. Prior to joining Travelers in 2002, Ms. Olivo was deputy head of Strategic
Investments at Swiss Re Capital Partners from April 2000 to June 2002. Prior to that, she was a
director in Salomon Smith Barney’s Investment Bank.
William E. Cunningham, Jr., 46, has been Executive Vice President—Business Insurance since
March 1, 2010. Prior to that, he served as Senior Vice President—Business Insurance where he was
responsible for Commercial Accounts, Construction, Technology, Public Sector Services, Global
Accounts, Excess Casualty and Oil & Gas since September 2007. In July 2006, he was named President
and CEO of Commercial Accounts. He had been promoted to President of National Accounts in 2005
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