Travelers Current CFO Schnitzer to Step Down Sept. 1 & Frey to Succeed
Dow 30 component, The Travelers Companies, Inc. (TRV) is an insurance provider of property casualty insurance for home, auto, and business.
The Travelers Companies, Inc. announced that the company’s Chief Financial Officer, Jay S. Benet, will step down effective September 1, 2018. Benet has been in the position since 2002 and will remain a member of the senior leadership team serving in the role of Vice Chairman.
Chairman and Chief Executive Officer, Alan Schnitzer stated, “Every milestone in the modern life of this company bears Jay Benet’s mark. His advice was indispensable to my predecessor Jay Fishman for over a decade, and he has been a key partner, mentor and friend to me for more than 10 years. I am deeply grateful for all that he has contributed to this company, and we are fortunate that he will continue to serve as a member of the senior leadership team.”
Benet will be succeeded by Daniel S. Frey. Frey will assume the role of Executive Vice President and Chief Financial Officer, effective September 1, 2018. Currently, Frey serves as Travelers Chief Financial Officer of the company’s Personal Insurance segment. He has served in numerous other key financial management roles with Travelers over the past 15 years. Frey brings over three decades of finance and accounting experience with him to his new role. Before his current position, Frey served as the Chief Financial Officer of the company’s Claim and Field Management organizations. Before Travelers, he was the Chief Financial Officer of Spalding Sports Worldwide and started his career in public accounting at Deloitte & Touche. Daniel Frey received his Bachelor of Science degree in accounting from the University of Connecticut.
Alan Schnitzer, Chairman and CEO stated, “Dan has a proven track record as a finance leader at Travelers. His deep technical expertise, strategic mindset and collaborative style make him the perfect candidate to assume the role as our next CFO as we execute on our perform and transform strategic agenda. I couldn’t be more pleased to have Dan as a partner as he joins our senior leadership team.”
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