Press release
Cincinnati Financial Corporation Announces New Lead Independent Director
Reduces board size to 12CINCINNATI, Oct. 21, 2022 /PRNewswire/ -- Cincinnati Financial Corporation (Nasdaq: CINF) announced today that the board of directors
About this update from Cincinnati Financial Corporation
[{"type":"text","content":"Reduces board size to 12CINCINNATI, Oct. 21, 2022 /PRNewswire/ -- Cincinnati Financial Corporation (Nasdaq: CINF) announced today that the board of directors elected Dirk J. Debbink as the new lead independent director and chair of the nominating committee and added him to the executive committee, following the death of former lead independent director William Bahl. At the same time, the board reduced its size to 12 members.\nDebbink has served on the Cincinnati Financial board since 2012, most recently as a member of the audit and nominating committees. Debbink is currently chairman and chief executive officer of MSI General Corporation, a privately owned design/build construction firm he's been employed with since 1983.\nDebbink 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 and Commander, Navy Reserve Force. 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.\nSteven J. Johnston, chairman and chief executive officer, shared, \"Dirk has been a Cincinnati Financial director for a decade. He has achieved outstanding success with his independent business in Wisconsin and his service to our nation. He'll continue to draw on his leadership experience in both realms in service of Cincinnati shareholders.\"\n\"I'm confident that he will make a smooth transition into the role of lead independent director. I look forward to continuing to work with Dirk to deliver value to our shareholders for years to come,\" Johnston remarked.\nAbout Cincinnati FinancialCincinnati Financial Corporation offers primarily business, home and auto insurance through The Cincinnati Insurance Company and its two standard market property casualty companies. The same local independent insurance agencies that market those policies may offer products of our other subsidiaries, including life insurance, fixed annuities and surplus lines property and casualty insurance. For addit...