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Cincinnati Financial Corp (CINF.OQ)

CINF.OQ on NASDAQ Stock Exchange Global Select Market

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7 Dec 2018
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Summary

Name Age Since Current Position

Kenneth Stecher

71 2011 Chairman of the Board

Steven Johnston

58 2011 President, Chief Executive Officer, Director

Michael Sewell

54 2011 Chief Financial Officer, Senior Vice President, Principal accounting officer , Treasurer

Martin Hollenbeck

58 2015 President, Chief Operating Officer of CFC Investment Company

Lisa Love

58 2011 Senior Vice President, General Counsel, Corporate Secretary

Roger Brown

46 2016 Senior Vice President, Chief Operating Officer of The Cincinnati Life Insurance Company

Teresa Cracas

52 2011 Senior Vice President, Chief Risk Officer of The Cincinnati Insurance Company

Donald Doyle

51 2008 Senior Vice President of The Cincinnati Insurance Company

Sean Givler

42 2017 Senior vice president of The Cincinnati Insurance Company

William Heuvel

51 2014 Senior Vice President of The Cincinnati Insurance Company

Theresa Hoffer

56 2017 Senior vice president and treasurer of The Cincinnati Insurance Company

John Kellington

56 2010 Senior Vice President, Chief Information Officer of The Cincinnati Insurance Company

Martin Mullen

62 2008 Chief Claims Officer, Senior Vice President of The Cincinnati Insurance Company

Jacob Scherer

65 2012 Chief Insurance Officer, Executive Vice President of The Cincinnati Insurance Company

Stephen Spray

51 2016 Senior Vice President of The Cincinnati Insurance Company

William Bahl

66 2012 Lead Independent Director

Thomas Schiff

70 1975 Director

Larry Webb

62 1979 Director

Gregory Bier

71 2006 Independent Director

Linda Clement-Holmes

55 2010 Independent Director

Dirk Debbink

62 2012 Independent Director

Kenneth Lichtendahl

69 1998 Independent Director

William McMullen

57 2001 Independent Director

David Osborn

57 2013 Independent Director

Gretchen Price

63 2002 Independent Director

Douglas Skidmore

55 2004 Independent Director

John Steele

64 2005 Independent Director

Dennis McDaniel

Vice President, Investor Relations Officer

Biographies

Name Description

Kenneth Stecher

Mr. Kenneth W. Stecher is Chairman of the Board of the Company. He was president and chief executive officer of the company and its lead subsidiary, The Cincinnati Insurance Company. For both companies, he was chief financial officer from 2001 to 2008 and executive vice president from 2006 to 2008. He also was chairman of the lead subsidiary from 2006 to 2008. He served as senior vice president for both companies until 2006, beginning in 1999 for the company and in 1997 for its lead subsidiary. Mr. Stecher facilitates and guides the business of the board, supporting its effectiveness with his deep knowledge of the company as well as industry challenges and opportunities. Over his long tenure in management, he was responsible for operations and capital management. He served as our face to the analyst and investor communities and as our corporate secretary conversant in governance issues and trends.

Steven Johnston

Mr. Steven J. Johnston was President, Chief Executive Officer, Director of the Company. He has been chief executive officer of the company and all subsidiaries, and president of the company and its lead subsidiary, The Cincinnati Insurance Company, since 2011. From 2008 to 2011, he was chief financial officer, senior vice president and secretary for both the company and The Cincinnati Insurance Company, and treasurer of the company. As chief executive officer of Cincinnati Financial Corporation, Mr. Johnston provides the board with information gained from hands-on management of our operations, identifying our near-term and long-term challenges, opportunities and strategies. His management and actuarial expertise and his experience driving technology and efficiency improvements combine with his strong communication skills to aid in his role as liaison between the board and the company management team.

Michael Sewell

Mr. Michael J. Sewell, CPA is Chief Financial Officer, Senior Vice President, Principal accounting officer, Treasurer of the Company. He is responsible for oversight of all accounting, finance, financial reporting, purchasing, investor relations, administrative services and facilities maintenance and security.

Martin Hollenbeck

Mr. Martin F. Hollenbeck, CPA is President, Chief Operating Officer of CFC Investment Company, a subsidiary of the Cincinnati Financial Corporation. He is President and chief operating officer of CFC Investment Company, a commercial lease and finance subsidiary. Chief investment officer and senior vice president, assistant secretary and assistant treasurer of Cincinnati Financial Corporation. Chief investment officer and senior vice president of The Cincinnati Insurance Company. Responsible for all investment operations.

Lisa Love

Ms. Lisa A. Love, Esq. is Senior Vice President, General Counsel, Corporate Secretary of the Company. She is responsible for corporate legal, governance and compliance activities, including oversight of regulatory and compliance, shareholder services, corporate communications, government relations, litigation and contract administration.

Roger Brown

Mr. Roger A. Brown is Senior Vice President, Chief Operating Officer of The Cincinnati Life Insurance Company a subsidiary of the Cincinnati Financial Corporation. He joined Cincinnati Life in 1997, after serving for four years as a member of the U.S. Army, achieving the rank of captain. Brown also served in the Army for 9 months during 2003 in support of Operation Enduring Freedom. He was appointed as an officer of Cincinnati Life in 2007. Brown moved quickly through the ranks and was promoted to vice president, leading the subsidiary's actuarial department, in 2010. He graduated from Purdue University in 1993 with a bachelor's in actuarial science. Brown will report to Steven J. Johnston , president and chief executive officer of Cincinnati Financial.

Teresa Cracas

Ms. Teresa C. Cracas, Esq. is Senior Vice President, Chief Risk Officer of The Cincinnati Insurance Company, a subsidiary of the Cincinnati Financial Corporation. She is responsible for strategic planning and risk management, including oversight of modeling for financial analysis, property casualty reserving, pricing and insurance regulatory filings, as well as reinsurance assumed operations.

Donald Doyle

Mr. Donald J. Doyle, Jr. is Senior Vice President of The Cincinnati Insurance Company, a subsidiary of the Cincinnati Financial Corporation. He is responsible for excess and surplus lines underwriting and operations.

Sean Givler

Mr. Sean M. Givler is Senior vice president of The Cincinnati Insurance Company, a subsidiary of the Cincinnati Financial Corporation. He is responsible for property casualty insurance sales and marketing operations since 2016, including management of field underwriters and independent agency relationships. Field sales manager for Alabama, Montana, Pennsylvania, Tennessee and Texas from 2012 to 2016.

William Heuvel

Mr. William H. Van Den Heuvel is Senior Vice President of The Cincinnati Insurance Company, a subsidiary of the Cincinnati Financial Corporation. He is responsible for all personal lines operations, including underwriting, product management and risk management. Chief operating officer and executive vice president for U.S. and Canada personal lines insurance at AIG until 2014.

Theresa Hoffer

Ms. Theresa A. Hoffer is Senior vice president and treasurer of The Cincinnati Insurance Company, a subsidiary of the Cincinnati Financial Corporation. She is responsible for corporate accounting and SEC reporting operations. Vice president and treasurer in corporate accounting until 2016.

John Kellington

Mr. John S. Kellington is Senior Vice President, Chief Information Officer of The Cincinnati Insurance Company. a subsidiary of Cincinnati Financial Corporation. He is responsible for enterprise strategic technology and oversight of all technology activities.

Martin Mullen

Mr. Martin J. Mullen is Chief Claims Officer, Senior Vice President of The Cincinnati Insurance Company, a subsidiary of the company. He is responsible for oversight of all headquarters and field claims operations, including special investigations and claims administration.

Jacob Scherer

Mr. Jacob F. Scherer, Jr. is Chief Insurance Officer, Executive Vice President of The Cincinnati Insurance Company, a subsidiary of the Cincinnati Financial Corporation. He is responsible for executive oversight of business and personal property casualty insurance sales, marketing, underwriting, related field services, relationships with independent agents and ceded reinsurance programs.

Stephen Spray

Mr. Stephen M. Spray is Senior Vice President of The Cincinnati Insurance Company, a subsidiary of the Cincinnati Financial Corporation. He is responsible for commercial lines underwriting and operations, including oversight of target markets commercial products, management liability and surety insurance, machinery and equipment insurance, loss control and premium audit. Until 2016, responsible for sales and marketing, including management of field underwriters and independent agency relationships.

William Bahl

Mr. William F. Bahl is Lead Independent Director of the Company. Mr. Bahl is chairman of the board of Cincinnati-based Bahl & Gaynor Investment Counsel Inc. Prior to co-founding Bahl & Gaynor in 1990, he was senior vice president and chief investment officer at Northern Trust Company in Chicago, having previously worked for Fifth Third Bank and Mellon Bank. Mr. Bahl’s independent registered investment advisory firm performs financial analysis of publicly held securities, advising and managing portfolios for high net worth individuals and institutional clients. His expertise helps support the board’s oversight of our investment operations, which continue to be our main source of profits.

Thomas Schiff

Mr. Thomas R. Schiff is Director of the Company. He has been chairman and chief executive officer since 1996 and a director and an agent with John J. & Thomas R. Schiff & Co. Inc., a privately owned, Cincinnati-based independent insurance agency. He was the agency’s president from 1983 to 1996. He also is chief executive officer and chairman of Lightborne Properties and Lightborne Communications, privately owned media companies based in the Cincinnati area. Mr. Schiff’s experience on our board helps provide ongoing insight into how we are serving our primary customer, the independent insurance agent. He contributes to board assessments of the impacts of our decisions on agency operations, including sales, claims, professional advising and financial management. Additionally, he brings the perspective of a large shareholder to our board discussions and decisions.

Larry Webb

Mr. Larry R. Webb is Director of the Company. He has been president since 1994 and director since 1980 of Webb Insurance Agency Inc., a privately owned, independent insurance agency based in Lima, Ohio. Prior to becoming president, he was treasurer of the agency from 1981 to 1994. He has been a licensed insurance agent since 1977. Mr. Webb brings to our board his insights as a principal owner of an independent insurance agency, with duties in financial management and accounting oversight, information technology, human resources, sales and marketing, risk management and relationship development with insurance companies and clients. His long tenure on our board and as a large shareholder, as well as his agency’s representation of our products and services since 1951, brings the board deep institutional knowledge, promoting continuity of the agent-centered mission and values essential to our business model. His agency does not advise the company on our insurance needs or sell insurance products or services to the company.

Gregory Bier

Mr. Gregory T. Bier, CPA is an Independent Director of the Company. He was the managing partner of the Cincinnati office of Deloitte LLP, an independent registered public accounting firm, from 1998 to 2002. He retired in 2002 after 23 years as a partner of the firm and 35 years of service, beginning in 1967 when he joined Haskins & Sells, which later became part of Deloitte. Mr. Bier brings to our board relevant experience with accounting and financial reporting, SEC filings, complex corporate transactions and mergers and acquisitions for public companies, including Fifth Third Bancorp, The Procter & Gamble Company, The Midland Company, Cincinnati Financial Corporation and The E.W. Scripps Company.

Linda Clement-Holmes

Ms. Linda W. Clement-Holmes is an Independent Director of the Company. She retired January 31, 2018, from publicly traded The Procter & Gamble Company. As Procter & Gamble’s chief information officer from 2015 to 2017, Ms. Clement-Holmes led the entire global information technology organization (2,500 IT professionals), set strategic direction and drove technology innovation. From 2010 to 2014, she was senior vice president of Global Business Services and also served as chief diversity officer from 2010 to 2012. Ms. Clement-Holmes built her expertise in leveraging emerging business technologies to support speed and innovation over a 35-year career at The Procter & Gamble Company. Her aptitude and accomplishments in these areas help our board to effectively evaluate our business processes and technology initiatives, supporting alignment of those initiatives with our strategic goals.

Dirk Debbink

Mr. Dirk J. Debbink is an Independent Director of the Company. He is chairman since 2007 and chief executive officer since 2012 of MSI General Corporation, a privately owned design/build construction firm. He joined MSI General in 1983, holding various positions of increasing leadership responsibility and serving as the company’s president from 1991 to 2007. Mr. Debbink has served as a leader of organizations ranging from small firms typical of the company’s commercial policyholders to extremely large organizations, including Reserve Deputy Commander of U.S. Pacific Fleet (170,000 sailors) and Commander, Navy Reserve Force (64,000 sailors). While on active duty with the U.S. Navy, he served as a senior member of the staff of the Chief of Naval Operations in the Pentagon. He has extensive experience in strategic planning and execution, sales, marketing, information technology for a worldwide dispersed workforce, human resources, including pension and profit-sharing plans, and government relationships at the federal level.

Kenneth Lichtendahl

Mr. Kenneth C. Lichtendahl is an Independent Director of the Company. He is the director of development and sales for Heliosphere Designs LLC, a private company marketing solar timepieces. From 2011 to 2012, he served as a senior adviser for Nestle Waters of North America, following Nestle’s acquisition of Sweet Leaf Tea, which had acquired Tradewinds Beverage Company in 2010. From 1996 to 2010, Mr. Lichtendahl was president and a director of Tradewinds, a privately owned, Cincinnati-based company formed following the sale of Hudepohl-Schoenling. Mr. Lichtendahl’s years of service on our board and audit committee supports institutional continuity with company and industry knowledge accumulated through all phases of industry and economic cycles and through our expansion over that period. He brings valuable insights gained in developing customer relationships, ethical practices, high-quality staff and product differentiation that helped turn his company, Hudepohl-Schoenling Brewing Co., into the 10th largest brewer in the United States before its sale in 1996.

William McMullen

Mr. William Rodney McMullen is an Independent Director of the Company. He has been chairman of the board of Kroger since January 2015 and chief executive officer since 2014. Kroger is a publicly traded, Cincinnati-based company and the world’s third-largest retailer. He served as Kroger’s president and chief operating officer from 2009 through 2013. Mr. McMullen has worked with The Kroger Co.’s board on business strategy initiatives and transactions, including business model transformation, mergers and acquisitions, divestitures and management transitions. His daily experience leading a large public company equips him to understand and guide management decisions and actions related to planning, risk management, investor relations, marketing and capital management.

David Osborn

Mr. David P. Osborn is an Independent Director of the Company. He draws on more than 30 years of experience as an investment professional to lead his independent investment advisory firm’s dividend growth strategy team. This dividend growth strategy mirrors our own investment strategy, supporting investment committee decisions. His experiences building relationships and setting long-term, strategic business plans enhance board discussions of our company's long-term outlook and strategic planning activities.

Gretchen Price

Ms. Gretchen W. Price is an Independent Director of the Company. She is executive vice president, chief financial and administrative officer since 2011 of Arbonne International LLC, a beauty and nutritional product company headquartered in Irvine, California. She leads the firm’s financial, accounting, strategy and business planning, operations, information technology, human resources and international functions. She was executive vice president and chief financial officer from 2008 to 2011 of Philosophy Inc., an international, prestige beauty brand based in Phoenix, Arizona. Ms. Price’s current and past executive positions have developed her expertise in areas of focus for our board, including accounting, auditing and financial reporting, investor relations, capital management, human resources, information technology, strategic planning and business planning. Board discussions and decisions benefit from her knowledge of customer relationship management and distribution chains.

Douglas Skidmore

Mr. Douglas S. Skidmore is an Independent Director of the Company. He has been chief executive officer since 2003 and director since 1994 of Skidmore Sales & Distributing Company Inc., a privately owned, Cincinnati-based, full-service independent distributor and broker of quality industrial food ingredients. He was president from 1994 to 2013 and marketing manager from 1990 to 1994. Mr. Skidmore has been responsible in his executive roles for strategic direction, marketing, human resources and overall growth and performance of his second-generation family business, which shares many characteristics with our typical commercial policyholders. In addition to providing a policyholder view of our products and services, he has management experience that equips him to contribute to the board’s oversight of business processes and technology initiatives.

John Steele

Mr. John F. Steele, Jr. is an Independent Director of the Company. He is chairman since 2004, chief executive officer since 1994 and a director since 1985 of Hilltop Basic Resources Inc., a privately owned, Cincinnati-based aggregates and ready-mix concrete supplier to the construction industry. Mr. Steele has provided his firm with corporate oversight and strategic direction of all aspects of business ownership, operations and customer relationships. He brings to our board a policyholder perspective, including intimate knowledge of family-run corporations and the construction industry, which is the source of approximately 40 percent of our commercial general liability insurance premiums.

Dennis McDaniel