Travelers 2015 Annual Report Download - page 261

PART III
Item 10. DIRECTORS, EXECUTIVE OFFICERS AND CORPORATE GOVERNANCE
Executive Officers of the Company
Set forth below is information concerning the Company’s executive officers as of February 11,
2016.
Name Age Office
Alan D. Schnitzer ............ 50 Chief Executive Officer and Director
Jay S. Fishman .............. 63 Executive Chairman of the Board
Jay S. Benet ................ 63 Vice Chairman and Chief Financial Officer
Brian W. MacLean ........... 62 President and Chief Operating Officer
William H. Heyman ........... 67 Vice Chairman and Chief Investment Officer
Doreen Spadorcia ............ 58 Vice Chairman and Chief Executive Officer, Personal Insurance
and Bond & Specialty Insurance
Andy F. Bessette ............. 62 Executive Vice President and Chief Administrative Officer
Kenneth F. Spence, III ........ 60 Executive Vice President and General Counsel
Maria Olivo ................ 51 Executive Vice President—Strategic Development and
Corporate Treasurer
John P. Clifford, Jr. .......... 60 Executive Vice President—Human Resources
Alan D. Schnitzer, 50, has been Chief Executive Officer and Director since December 2015. Prior
to that, he had been Vice Chairman and Chief Executive Officer, Business and International Insurance
since July 2014. Prior to that, he had 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.
Jay S. Fishman, 63, has been Executive Chairman of the Board since December 2015. Prior to
that, he had been Chairman since September 2005 and Chief Executive Officer of the Company since
joining SPC in October 2001. He held the additional title of President from October 2001 until June
2008 and Chairman of SPC from October 2001 until the Merger. Mr. Fishman held several key
executive posts at Citigroup Inc. from 1998 to October 2001, including Chairman, Chief Executive
Officer and President of the Travelers insurance businesses. Starting in 1989, Mr. Fishman worked as
an executive for Primerica, which became part of Citigroup.
Jay S. Benet, 63, has been Vice Chairman and Chief Financial Officer since August 2005, and
before that, he was Executive Vice President and Chief Financial Officer of the Company since the
Merger, and from February 2002 until the Merger, he held those same offices at TPC. From March
2001 until January 2002, Mr. Benet was the worldwide head of financial planning, analysis and
reporting at Citigroup and Chief Financial Officer for Citigroup’s Global Consumer Europe, Middle
East and Africa unit between April 2000 and March 2001. Before that, Mr. Benet spent ten years in
various executive positions with Travelers Life & Annuity, including Chief Financial Officer of Travelers
Life & Annuity and Executive Vice President, Group Annuity from December 1998 to April 2000, and
Senior Vice President Group Annuity from December 1996 to December 1998. Prior to joining
Travelers Life & Annuity, Mr. Benet was a partner of Coopers & Lybrand (now
PricewaterhouseCoopers).
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