Travelers Mourns the Loss of Jay S. Fishman, Executive Chairman of the Board and Former CEO
August 19 2016 - 04:14PM
Business Wire
The Travelers Companies, Inc. (NYSE: TRV) today announced with
great sorrow the passing of Jay S. Fishman, its Executive Chairman
of the Board and former Chief Executive Officer, who transformed
Travelers into one of the best-performing companies in the
financial services industry and the only property casualty insurer
in the Dow 30.
“We are greatly saddened by the loss of our esteemed colleague
and friend. Our thoughts are with his wife Randy and the entire
Fishman family during this difficult time,” said John H. Dasburg,
who succeeds Mr. Fishman as non-executive Chairman of the Board.
“Jay was an inspirational leader, and he built a management team
that has established Travelers as a clear industry leader. Jay will
be missed by the entire Travelers family.”
Alan Schnitzer, Chief Executive Officer of Travelers, said, “Jay
led Travelers with an eye towards more than just success as it is
traditionally measured. In part because of that philosophy, he led
Travelers to unprecedented success by every measure. Though he
would be too humble to admit it, Jay was an icon among corporate
leaders. As his friend, I’m grateful to Jay for his mentorship and
counsel. As his successor, I’m grateful to Jay for everything
he did to set the stage for our company’s future success. I’ll miss
my dear and close friend, and on behalf of all of us at Travelers,
our hearts go out to his wife of nearly 40 years and childhood
sweetheart Randy Fishman, Jay and Randy’s children and their
beloved grandchildren.”
About Jay S. Fishman
Jay Fishman served as the Executive Chairman of the Board of
Travelers from December 2015 until August 2016. He previously held
the position of Chief Executive Officer from the April 2004 merger
of The St. Paul Companies, Inc. with Travelers Property Casualty
Corp., and he assumed the additional role of Chairman in September
2005. From October 2001 until April 2004, Fishman was Chairman,
Chief Executive Officer and President of The St. Paul Companies. He
held several key executive posts at Citigroup from 1998 to October
2001, including Chairman, Chief Executive Officer and President of
its Travelers insurance business. Starting in 1989, he worked as an
executive at Primerica Corporation, which became part of Citigroup
in 1998. Fishman was a director of ExxonMobil Corporation from
2010-2016, and a director of Carlyle Group Management L.L.C. from
2012-2015.
Fishman served as Chairman of the Board of New York City Ballet
and was a Board Member for the Lincoln Center for the Performing
Arts.
He was a trustee of the NewYork-Presbyterian Hospital and of the
University of Pennsylvania, where he earned a bachelor’s degree in
economics and a master’s degree in accounting from the Wharton
School.
About TravelersThe Travelers Companies, Inc. (NYSE: TRV)
is a leading provider of property casualty insurance for auto, home
and business. A component of the Dow Jones Industrial Average,
Travelers has approximately 30,000 employees and generated revenues
of approximately $27 billion in 2015. For more information, visit
www.travelers.com.
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version on businesswire.com: http://www.businesswire.com/news/home/20160819005688/en/
Media:The Travelers Companies, Inc.Patrick Linehan,
917-778-6267plinehan@travelers.com
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