From: Jennifer A. Vargen
Sent: Wednesday, October 21, 2009 2:03 PM
To: SCIF AllUsers
Subject: Message from Board Chair, Jeanne Cain re: Announcement of Interim CEO

October 21, 2009

 

Dear Colleagues,

 

I’m very pleased to share with you the news that at our meeting today State Fund’s Board of Directors appointed Doug Stewart as interim President and CEO.

 

Doug Stewart joined State Fund in a consulting capacity in November 2007 and was named Chief Risk Officer following passage of SB 1145 in September 2008. He brings more than 35 years experience in the insurance industry in the areas of claims, underwriting, marketing, sales, USL&H and risk management.

 

The Board will begin a search for a permanent president and CEO immediately and we will keep you apprised of developments. In the meantime, we are confident that Doug and the Executive Team will provide solid leadership and a steady hand during the transition period, and that the executive team will continue building on the strong foundation established under Jan Frank’s leadership and the Board’s direction.  Despite the significant economic challenges facing California, State Fund remains financially strong and poised to continue providing a guaranteed workers’ compensation market to California’s businesses.  Thank you for your continued commitment to protecting California’s employers and employees. 

 

Please join us in congratulating Doug in this position and we know he can count on your support.

 

Sincerely,

 

Jeanne Cain