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Cincinnati Financial chairman Kenneth W. Stecher to retire

Cincinnati Financial CorporationCincinnati Financial announced that Kenneth W. Stecher, chairman of the board, plans to retire from active employment and executive responsibilities within the next six months.

Mr. Stecher will remain as a director and nonemployee chairman of the board.

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Mr. Stecher has been a company director since 2008 and chairman of the board since 2011. He is chairman of the investment committee and a member of the executive committee. He also is the chairman of all subsidiary boards.

Mr. Stecher was Company's president and chief executive officer responsible for operations, chief financial officer responsible for capital management, face to the analyst and investor communities and corporate secretary conversant in governance issues and trends.

From 2008 to 2011, Mr. Stecher was president and chief executive officer of the company and its lead subsidiary, The Cincinnati Insurance Company. For both companies, he was chief financial officer from 2001 to 2008 and executive vice president from 2006 to 2008.

He also was chairman of the lead subsidiary from 2006 to 2008. He served as senior vice president for both companies until 2006, beginning in 1999 for the company and in 1997 for its lead subsidiary.

Mr. Stecher was secretary of both companies from 1999 to 2008, and treasurer of the company from 1999 to 2008.

He advanced through the ranks of the company’s life insurance subsidiaries from 1967 to 1982, when his responsibilities within the accounting area broadened to include property casualty insurance accounting.

Mr. Stecher is a trustee since 2009 of the American Institute for Chartered Property Casualty Underwriters, and past president of the Insurance Accounting & Systems Association, Southwestern Ohio Chapter.

Mr. Stecher earned a Master of Business Administration in finance from Xavier University after graduating from the University of Cincinnati with a Bachelor of Science in accounting.


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