Summary
This 8-K filing from The Travelers Companies, Inc. (TRV) announces a key change in its senior accounting and treasury leadership. Douglas K. Russell, the current Senior Vice President, Corporate Controller and Treasurer, and principal accounting officer, has announced his retirement, effective June 2, 2023. This transition marks the end of Mr. Russell's tenure in these critical financial oversight roles. To ensure a smooth handover, the company has appointed Paul E. Munson as the new Corporate Controller and principal accounting officer, also effective June 2, 2023. Mr. Munson, with extensive experience within the company since 1999, including his recent role as Senior Vice President, Finance, is well-positioned to assume these responsibilities. Concurrently, Larry J. Mills will step into the role of Corporate Treasurer. These appointments are designed to maintain continuity and strong financial governance within Travelers.
Key Highlights
- 1Douglas K. Russell, Senior Vice President, Corporate Controller and Treasurer, is retiring effective June 2, 2023.
- 2Mr. Russell also served as the company's principal accounting officer.
- 3Paul E. Munson will assume the role of Corporate Controller and principal accounting officer, effective June 2, 2023.
- 4Mr. Munson has been with Travelers since 1999 and currently holds the title of Senior Vice President, Finance.
- 5Larry J. Mills will be appointed as the new Corporate Treasurer, effective June 2, 2023.
- 6Mr. Mills has been with Travelers since 2002 and currently serves as Vice President, Finance.