|[February 21, 2013]
Virginia (Gina) C. Drosos Elected to Board of Directors of American Financial Group, Inc.; Director Theodore H. Emmerich Announces Retirement
CINCINNATI --(Business Wire)--
American Financial Group, Inc. (NYSE/NASDAQ: AFG) today announced that
its Board of Directors has elected Virginia ("Gina") C. Drosos as a
Ms. Drosos recently retired from her position as Group President, Global
Beauty Care for the Procter & Gamble Company (NYSE: PG), a leading
multinational manufacturer of consumer packaged goods. During her
25-year career at P&G, Ms. Drosos held positions of increasing
responsibility, and, as Group President, led a business unit with $6
billion in sales. She also led strategy, innovation, investment planning
and operations for all geographic regions and for over 20 brands, 22
manufacturing sites and more than 6,000 employees. During her tenure,
Ms. Drosos successfully globalized the business with expansions into
international markets including over 100 brand/country combinations.
Ms. Drosos currently serves on the Board of Directors of Signet Jewelers
Ltd ("Signet") (NYSE and LSE: SIG), the world's largest specialty retail
jeweler. She is also on the Board of Directors of Cosmetic Executive
Women ("CEW"), a leading indutry board, and serves as Chair of the
Foundation board where she helped develop a strategy to substantially
increase CEW's Cancer and Careers program reach and funding. Ms.
Drosos holds an MBA from the Wharton School, University of Pennsylvania
(1987) and Bachelor of Business Administration from the Terry School,
University of Georgia (Magna Cum Laude, 1985).
"It is important that our board continues to be comprised of experienced
professionals who can contribute and help guide the company through
various growth opportunities and scenarios," said Craig Lindner. Carl H.
Lindner III added, "Gina's extensive management background and track
record as a strategist and innovator are an ideal fit for AFG. The
entire board looks forward to working with Gina."
AFG also announced that long-time board member, Theodore ("Ted") H.
Emmerich, will not stand for re-election to the Board of Directors in
2013. Mr. Emmerich, 86, has been a member of AFG's Board of Directors
for twenty-five years and currently serves as chairman of the Audit
Committee. Prior to his retirement in 1986, he was managing partner of
the Cincinnati office of the independent accounting firm, Ernst &
Carl Lindner offered these thoughts, "Ted's public accounting expertise
and knowledge of the insurance industry have served AFG well over the
past 25 years." Craig Lindner added, "We are thankful to Ted for his
many contributions to the Board and wish him the best as he enjoys his
About American Financial Group, Inc.
American Financial Group is an insurance holding company, based in
Cincinnati, Ohio with assets in excess of $35 billion. Through the
operations of Great American Insurance Group, AFG is engaged primarily
in property and casualty insurance, focusing on specialized commercial
products for businesses, and in the sale of fixed and fixed-indexed
annuities in the education, bank and individual markets. Great American
Insurance Group's roots go back to 1872 with the founding of its
flagship company, Great American Insurance Company.
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