New Jersey | 1-8661 | 13-2595722 | ||
(State or other jurisdiction of incorporation) |
(Commission File Number) |
(IRS Employer Identification No.) |
15 Mountain View Road, P.O. Box 1615, Warren, New Jersey | 07061-1615 | |
(Address of principal executive offices) | (Zip Code) |
o | Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
o | Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
o | Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
o | Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Item 5.02. | Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. |
(c) and (e) | On June 19, 2008, the Board of Directors of The Chubb Corporation (Chubb) approved
the following promotions, effective immediately: |
|
John J. Degnan (63) was promoted to the position of Vice Chairman and Chief
Operating Officer. Mr. Degnan has held various senior management positions since
joining Chubb in 1991, most recently serving as Chubbs Vice Chairman and Chief
Administrative Officer since December 2002. In recognition of Mr. Degnans new
responsibilities, Mr. Degnans annual base salary was increased from $711,100 to
$825,000. Mr. Degnan will continue to participate in Chubbs other compensation and
benefit plans on terms and conditions applicable to Chubbs other senior managers.
Information regarding these plans is set forth in Chubbs Proxy Statement dated
March 20, 2008. |
||
Paul J. Krump (48) was promoted to serve as Executive Vice President and Chief
Underwriting Officer. Mr. Krump previously served as Executive Vice President and
Chief Operating Officer of Chubb Commercial Insurance since June 2001. In
recognition of his new responsibilities, Mr. Krumps annual base salary was
increased from $470,000 to $550,000. Mr. Krump will continue to participate in
Chubbs other compensation and benefit plans on terms and conditions applicable to
Chubbs other senior managers. |
||
Harold L. Morrison (50) was promoted to the position of Executive Vice President and
Chief Global Field Officer. Mr. Morrison previously served as Chubbs Executive Vice
President and U.S. Field Operations Manager since November 2003. |
||
Dino E. Robusto (50) was promoted to replace Mr. Degnan as Chubbs Executive Vice
President and Chief Administrative Officer. Mr. Robusto previously served as
Chubbs Executive Vice President and Worldwide Claims Manager since January 2005. |
THE CHUBB CORPORATION |
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Date: June 20, 2008 | By: | /s/ W. Andrew Macan | ||
Name: | W. Andrew Macan | |||
Title: | Vice President and Secretary | |||