CHICAGO, June 2, 2017 /PRNewswire/ -- Old Republic
International Corporation (NYSE: ORI) today announced that
Frank Sodaro (48) will be joining
the Company as Deputy Chief Financial Officer effective
June 13, 2017. In this new
position he will work closely with and report to Karl Mueller, Old Republic's Senior Vice
President & Chief Financial Officer.
In the course of a 22-year career with a publicly held
multiple-lines insurance institution, Frank
Sodaro gained substantial experience and knowledge in all
facets of insurance accounting and finance. Until his recent
departure, he served as that Company's Chief Financial
Officer. In announcing the new position, Al Zucaro, Old Republic's Chairman and Chief
Executive Officer, noted that ". . . Frank Sodaro's extensive
accounting, corporate finance and insurance business experience
adds substantial depth and bench strength to our Corporate
Accounting and Finance group, as well as to ORI's most senior
operating management team. We look forward to welcoming him
to our team and to his contributions for the long term success of
our business."
About Old Republic
Chicago-based Old Republic
International Corporation is one of the nation's 50 largest
publicly held insurance organizations. Its most recent financial
statements reflect consolidated assets of approximately
$18.90 billion and common
shareholders' equity of $4.59
billion, or $17.62 per share.
Its current stock market valuation is approximately $5.1 billion, or $19.94 per share.
The Company is organized as an insurance holding company whose
subsidiaries actively market, underwrite, and provide risk
management services for a wide variety of coverages mostly in the
general and title insurance fields. A long-term interest in
mortgage guaranty and consumer credit indemnity lines has devolved
to a run-off operating mode in recent years.
For the latest news releases and other
corporate documents on Old Republic, please write to:
Investor Relations
Old Republic International Corporation
307 North Michigan Avenue • Chicago, IL 60601
312-346-8100
or visit us at www.oldrepublic.com
Further
Information Contacts:
|
AT OLD
REPUBLIC:
|
AT FINANCIAL
RELATIONS BOARD:
|
A. C. Zucaro:
Chairman & CEO
|
Analysts/Investors:
Marilynn Meek
|
(312)
346-8100
|
(212)
827-3773
|
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SOURCE Old Republic International Corporation