Employers Holdings Announces Planned Retirement of CFO – National Search for Successor to be Initiated
RENO, Nev., April 8, 2014 — Employers Holdings, Inc. (NYSE:EIG), America’s small business insurance specialist®, today announced that William E. (Ric) Yocke, executive vice president and chief financial officer, informed the company of his decision to retire as of June 30, 2015. The company will initiate a national search for Mr. Yocke’s successor and during the search process Mr. Yocke will continue to serve as Chief Financial Officer and Treasurer.
“Ric has been an important member of my executive team during a transformational time for the company,” said Douglas D. Dirks, President and Chief Executive Officer. “The Board of Directors congratulates him on his outstanding career. We will soon initiate a national search to find Ric’s successor, and Ric’s decision to announce his retirement plans at this time gives us ample opportunity to conduct that search in a careful and thoughtful manner.”
“I have very much enjoyed my time at EMPLOYERS,” said Mr. Yocke. “However, at this time I am making plans to spend more time with my family, travelling and pursuing some long envisioned interests. I am giving this much notice because I have made my personal decision and I want the company to have sufficient time to search for my successor. EMPLOYERS is in an excellent financial position and I don’t want my planned retirement to negatively impact its continued success.”
Mr. Yocke has worked in the insurance industry for more than 35 years, and joined EMPLOYERS in June 2005.
Company contact: Mike Paquette
(775) 327-2562 or firstname.lastname@example.org
Investor relations contact: Adam Prior, The Equity Group, Inc.
(212) 836-9606 or email@example.com
About Employers Holdings, Inc.
EMPLOYERS® and America’s small business insurance specialist® are registered trademarks of EIG Services, Inc. Employers Holdings, Inc. is a holding company with subsidiaries that are specialty providers of workers’ compensation insurance and services focused on select, small businesses engaged in low-to-medium hazard industries. The Company operates throughout the United States, with the exception of four states that are served exclusively by their state funds. Insurance is offered through Employers Insurance Company of Nevada, Employers Compensation Insurance Company, Employers Preferred Insurance Company, Employers Assurance Company and Cerity Insurance Company, all rated A- (Excellent) by the A.M. Best Company. Not all companies do business in all jurisdictions. See www.employers.com and www.cerity.com for coverage availability.