8-KLeadership Changes

TRAVELERS COMPANIES, INC. 8-K Report, Executive Changes (Jun 21, 2005)

Filed June 21, 2005For Securities:TRV

Summary

This 8-K filing from The St. Paul Travelers Companies, Inc. (TRV) reports on the resignation of its Senior Vice President and Corporate Controller, John C. Treacy, effective July 1, 2005. Mr. Treacy is leaving to pursue an external opportunity. In response, the company has appointed Douglas K. Russell, currently Senior Vice President & Treasurer, as interim Corporate Controller and principal accounting officer. Mr. Russell, 47, brings significant accounting experience, having served as chief accounting officer and treasurer for Travelers prior to the 2004 merger, and as controller and chief accounting officer of Travelers since July 1999. This interim appointment will remain in effect until a permanent successor for Mr. Treacy is identified.

Key Highlights

  • 1John C. Treacy, Senior Vice President and Corporate Controller (principal accounting officer), is resigning effective July 1, 2005.
  • 2Mr. Treacy is leaving to pursue an opportunity outside the company.
  • 3Douglas K. Russell, Senior Vice President & Treasurer, will serve as interim Corporate Controller and principal accounting officer.
  • 4Mr. Russell's interim role begins on July 1, 2005, and will continue until a permanent successor is named.
  • 5Mr. Russell has prior experience as chief accounting officer and treasurer for Travelers, and controller and chief accounting officer since July 1999.
  • 6This change impacts the company's principal accounting officer, a key financial role.

Frequently Asked Questions

John C. Treacy, the Senior Vice President and Corporate Controller, is resigning to pursue an opportunity outside of The St. Paul Travelers Companies, Inc.

Douglas K. Russell, the current Senior Vice President & Treasurer, will assume the responsibilities as interim Corporate Controller and principal accounting officer, effective July 1, 2005.

Mr. Russell will serve in this interim capacity until a permanent successor for Mr. Treacy is appointed.

Yes, Mr. Russell has substantial experience. Prior to the merger, he was chief accounting officer and treasurer for Travelers, and he has served as controller and chief accounting officer of Travelers since July 1999.