BRANCHVILLE, N.J., Sept. 23, 2020 /PRNewswire/ -- Selective
Insurance Group, Inc. (NASDAQ: SIGI) today announced the
appointment of four new independent members to the Board of
Directors, effective September 23,
2020. The new directors reflect Selective's commitment to
director succession, enhancing diversity, building a culture of
innovation and ideation, and delivering a superior customer
experience.
The four executives bring a wide range of skills and experience
from their respective careers in sales, branding and digital
marketing, finance, fintech and digital platforms, and corporate
development. The new Board members will work together with
Selective's current directors to oversee continuity of the
Company's strategy to drive profitable, disciplined growth by
delivering high-tech, high-touch insurance solutions through a
unique distribution model.
"I'm delighted by the caliber of talent we identified in the
Board's recruitment process, and we expect our new directors will
help us capitalize on the significant opportunities we see for
Selective going forward," said Cynthia
(Cie) S. Nicholson, Chairperson of the Corporate Governance
and Nominating Committee of the Selective Board.
"The new Board members offer valuable, diverse thinking from a
wide array of backgrounds, which will be important as we continue
to map and deliver Selective's strategic objectives. I look forward
to their insights and expertise as we build on Selective's strong
financial and strategic position to deliver even greater long-term
value," said John J. Marchioni,
Selective's President & CEO.
The new members of the Selective Board of Directors are:
Ainar D. Aijala,
Jr. most recently served as Senior Advisor to the
Global CEO at the global professional services firm Deloitte,
before retiring in May of 2020. He spent nearly 40 years at
Deloitte and its predecessor company, working in a variety of
positions, including Chief Global Corporate Development Officer and
Global Managing Partner of Consulting and Human Capital. He began
his career as a senior manager at Coopers & Lybrand Consulting.
He is an Enrolled Actuary pursuant to the Employee Retirement
Income Security Act of 1974. Mr. Aijala is a board member of Junior
Achievement Worldwide and Junior Achievement USA, and he is a past Chairman of Junior
Achievement Worldwide. He received a bachelor of general studies in
mathematics and political science from the University of Michigan at Ann Arbor.
Lisa Rojas Bacus
currently serves as a director of Teradata Corporation, a
publicly traded company, and Culver's Franchising System Inc.,
a privately held fast food chain. Ms. Bacus had a 30-plus year
career in corporate marketing and operations roles, which included
increasingly senior positions at Ford Motor Company, American
Family Mutual Insurance Company, and Cigna Corporation. She retired
as Executive Vice President and Global Chief Marketing Officer at
Cigna in July 2019. She received her
bachelor of science in business administration from Northern Arizona University and a master of
business administration from Duke
University. Ms. Bacus also serves on the board of PetSmart
Charities Inc., a non-profit organization.
Wole C. Coaxum is
the president and chief executive officer of Mobility Capital
Finance (MoCaFi), a New York-based
digital banking platform that he founded in 2015. Previously, Mr.
Coaxum served as a Managing Director at JPMorgan, which he joined
in 2007 and was responsible for commercial credit card sales and
relationship management. He has had a nearly 30-year-long career in
the financial and insurance industries, spending the first decade
of his career at Citigroup and then holding executive positions for
five years at the insurance multinational Willis Group Holdings in
its North America division. He
received a bachelor of arts in history from Williams College and a masters of business
administration in finance from New York
University's Stern School of Business.
Stephen C. Mills
currently serves as a member of the Mutual Fund Board
of Trustees for Ariel Investments, a Chicago-based investment firm, and on the
Board of Directors of Madison Square Garden Sports Corp., a
publicly traded company. Mr. Mills spent nearly two decades
with Madison Square Garden Sports,
serving in a variety of senior positions, including President from
2017 to 2020; Executive Vice President and General Manager of its
NBA franchise, the New York Knicks, from 2014 to 2017; and Chief
Operating Officer and Sports Business President from 2003 to 2009.
Previously, he was a partner of Athletes & Entertainers Wealth
Management Group LLC from 2009 to 2013 and worked in the NBA league
office in various positions for sixteen years. Mr. Mills received a
bachelor of arts from Princeton
University with a major in sociology. He has served on the
board of advisors for the Hospital for Special Surgery since 2011,
as a director of Harlem Junior Tennis since 2017, and as a director
of the Princeton University Varsity
Club since 2010.
With the addition of the four new directors, Selective's Board
of Directors will expand from 13 to 17 members. Given the caliber
of candidates identified in this year's search process, the Board
decided to expand, for the time-being, its size in advance of
expected director retirements.
About Selective Insurance Group, Inc.
Selective
Insurance Group, Inc. is a holding company for 10 property and
casualty insurance companies rated "A" (Excellent) by AM Best.
Through independent agents, the insurance companies offer standard
and specialty insurance for commercial and personal risks and flood
insurance through the National Flood Insurance Program's Write Your
Own Program. Selective's unique position as both a leading
insurance group and an employer of choice is recognized in a wide
variety of awards and honors, including listing in the Fortune 1000
and being named one of "America's Best Mid-Size Employers" by
Forbes Magazine. For more information about Selective, visit
www.Selective.com.
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SOURCE Selective Insurance Group, Inc.