Travelers 2012 Annual Report Download - page 272

Charles J. ‘‘Chuck’’ Clarke, 77, has been Vice Chairman of the Company since the Merger at
which time he was serving in the roles of President, Vice Chairman and Director of TPC. Mr. Clarke
joined Travelers in 1958 as an assistant underwriter. During his tenure at Travelers, Mr. Clarke
progressed through positions of increasing responsibility. Of note, he was appointed Senior Vice
President for the National Accounts Group’s property-casualty business in 1985 and subsequently
assumed the responsibility of Chairman of Commercial Lines in 1990.
William H. Heyman, 64, has been Chief Investment Officer of the Company since the Merger and
Vice Chairman since May 2005. Prior to May 2005, he was Executive Vice President and Chief
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, 47, has been Vice Chairman—Financial, Professional & International Insurance
and Field Management; Chief Legal Officer since May 2012. Prior to that, he was 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.
Doreen Spadorcia, 55, has been Vice Chairman—Claim Services, Personal Insurance, Operations
and Systems, and Risk Control since May 2012. Prior to that, she was Chief Executive Officer—
Personal Insurance and Executive Vice President—Claim Services, from July 2009 to May 2012. From
March 2005 to July 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.
Andy F. Bessette, 59, 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, 57, 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.
Maria Olivo, 48, has been Executive Vice President—Strategic Development and Corporate
Treasurer since July 2010. Prior to that, she was Executive Vice President—Treasurer since June 2009.
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.
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