American Financial Group, Inc. Announces Changes to its Board of Directors
27 Februar 2024 - 10:30PM
Business Wire
American Financial Group, Inc. (NYSE: AFG) announced that its
Board of Directors has elected Roger K. Newport as a director. In
addition, Terry S. Jacobs has notified the Board of his intention
not to stand for re-election at the 2024 Annual Meeting and retire
from the Board at that time.
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Roger K. Newport (Photo: Business
Wire)
Mr. Newport most recently served as Chief Executive Officer and
a Director of AK Steel Holding Corporation (“AK Steel”) from
January 2016 until March 2020, when he retired in connection with
the acquisition of AK Steel by Cleveland-Cliffs Inc. Prior to that,
Mr. Newport served at AK Steel as Executive Vice President, Finance
and Chief Financial Officer, and held roles of increasing
responsibility in financial management of the company since 2012.
From 1985 to 2012, Mr. Newport served in a variety of other
leadership positions at AK Steel, including Vice President-Business
Planning and Development, Controller and Chief Accounting Officer,
Assistant Treasurer, Investor Relations, Manager-Financial Planning
and Analysis, and Product Manager. Mr. Newport also serves as a
director and a member of the Audit Committee (of which he
previously served as Chair) and Nominating & Governance
Committee for Alliant Energy Corporation, and as a director of its
subsidiaries, Iowa Power & Light Company and Wisconsin Power
& Light Company.
Mr. Newport earned a Bachelor of Business Administration in
Accounting from the University of Cincinnati and a Master of
Business Administration from Xavier University. He is active in his
community, having served on a variety of local and regional boards
for organizations that serve the areas of academia, community
development, and at-risk children and families.
Mr. Jacobs has served as a valued member of AFG’s Board since
2003 and made significant contributions during his tenure,
including as a member of each of the Company’s Committees. He
previously served as Chair of the Compensation Committee and
currently serves as a member of AFG’s Audit and Compensation
Committees.
Carl H. Lindner III and S. Craig Lindner, AFG’s Co-CEOs, stated:
“We are pleased to welcome Roger to our Board of Directors. His
extensive experience in a variety of senior corporate finance roles
will be a valuable addition to our Board. As a prior chief
executive officer of a public company, he has proven leadership
skills and strong business acumen. We believe that his depth of
experience across many aspects of financial management and business
operations will help to guide our company through numerous
opportunities in the years to come.”
Messrs. Lindner continued, “We are grateful to Terry for 21
years of service to AFG’s Board of Directors. His executive
management experience, detailed understanding of our company and
formal training as an actuary have been a valuable asset to AFG
over many years, and we wish him the best as he retires from the
Board.”
About American Financial
Group, Inc.
American Financial Group is an insurance holding company, based
in Cincinnati, Ohio. Through the operations of Great American
Insurance Group, AFG is engaged primarily in property and casualty
insurance, focusing on specialized commercial products for
businesses. Great American Insurance Group’s roots go back to 1872
with the founding of its flagship company, Great American Insurance
Company.
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version on businesswire.com: https://www.businesswire.com/news/home/20240227756692/en/
Diane P. Weidner, IRC Vice President - Investor & Media
Relations 513-369-5713
Websites: www.AFGinc.com
www.GreatAmericanInsuranceGroup.com
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