Cincinnati Financial Corp. (CINF) board of directors added a fourteenth seat to the board, appointing Linda Clement-Holmes to fill the seat effective February 1, 2010. She also will serve on the audit committee.
Clement-Holmes will stand for re-election by shareholders at the annual meeting of shareholders on May 1, 2010. Other nominees on the slate for terms to expire in 2013 are continuing directors: Gregory Bier, CPA (Ret), Douglas Skidmore and Larry Webb, CPCU.
Vice Chairman of the Board James Benoski, whose term also is expiring, will not stand for re-election. Benoski, age 71, was president, chief operating officer, chief insurance officer of the company until July 2008. As previously announced, he retired from active employment in January 2009. He continues as a director on all subsidiary boards.
Cincinnati Financial also announced that the board of directors declared a 39.5 cents per share regular quarterly cash dividend payable April 15, 2010, to shareholders of record as of March 24, 2010.
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