Westfield Selects New CEO and President


Mr. Robert J. Joyce, Chair of Westfield Group, announced today that the Board of Directors has completed its succession planning efforts to identify the next Group Leader and Chief Executive Officer.

Mr. James R. Clay is selected as the next Group Leader and Chief Executive Officer. Mr. Clay currently serves as Insurance Leader and President. He has served the Company for over 30 years in numerous capacities. In commenting on this selection, Mr. Joyce said, “These responsibilities provide a solid foundation for his new duties.” Mr. Clay is a graduate of The Ohio State University. He serves on the Board of the Ohio Chamber of Commerce and on the North American Insurance Advisory Council for IBM. He is a member of the Insurance Information Institute.

The Westfield Board selected Mr. Edward J. Largent as the next Insurance Leader and President. Mr. Largent joined Westfield in 1986. He is a graduate of Bowling Green State University and the University of Chicago Booth School of Business Executive Institute. Mr. Largent currently serves as Group Administration Leader and has served in a number of roles including Group Leader of Information Technology. Mr. Largent has recently been elected to the Board of the Cleveland Leadership Center. He also serves as Treasurer of Habitat for Humanity of Wayne County, Ohio and is on the Bowling Green State University College of Arts & Sciences Advocates Board.

Mr. Joyce has announced plans to retire in March 2012. He will serve as the Executive Chair of the Westfield Board until his retirement. Mr. Joyce serves on the Board of Governors of the Property Casualty Insurers Association of America and is a past Chair of that organization. He is a Trustee at Playhouse Square Foundation and The Griffith Insurance Education Foundation. He also serves on the Advisory Committee for Team Northeast Ohio (Team NEO). Mr. Joyce is a graduate of Villanova University and a retired Navy Captain. Mr. Joyce is a veteran of Desert Shield and Desert Storm.

The three individuals will assume their new duties effective January 1, 2011.

Mr. Thomas E. Workman, Chair of the Governance and Nominating Committee, said, “The Westfield Board of Directors takes seriously its obligation to select the senior-most leaders of the Company. The succession process used by the Board is deliberate and complies with recognized best practices. In the financial services area, trust built on solid relationships is a requirement for success. These three individuals, working with the Board, will accomplish a smooth transition of leadership. Westfield employees, customers, agents and the communities served will continue to experience the same trusting, caring relationships that have been the foundation of the Company since its formation in 1848.”

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