Cirillo Joins ACE Board of Directors, as Staley Retires

Bermuda’s ACE Limited announced that Mary A. Cirillo has been elected to its Board of Directors, effective immediately. The appointment is concurrent with Robert W. Staley’s retirement from the Board.

Cirillo has served as an advisor to Hudson Venture Partners, a New York venture capital firm, since 2003 and as Chairman of OPCENTER, a network operations services firm, from 2000-2004. The assignments she has held in more than 25 years of financial services experience include Chief Executive Officer of Global Institutional
Services at Deutsche Bank, Executive Vice President and Managing Director of Bankers Trust Company and Senior Vice President, Global Relationship Banking Operations and Technology, at Citibank. She currently serves as a director of DealerTrack Holdings, GlobalServe Corporation, Health Care Property Investors,
Inc. and Thomson Corporation (Canada). She has also served on the boards of Cisco Systems, Inc., Digital Island, Inc., OPCENTER, LLC and Quest Diagnostics, Inc.

Brian Duperreault, the soon to be retiring Chairman of ACE Limited (See IJ Website May 19), stated: “I am delighted to welcome Mary Cirillo to the Board of Directors of ACE. Mary has an impressive record of accomplishment in the financial services industry, and she has particular expertise with businesses that are based on leading operations and technology. We look forward to her active participation on the ACE Board.”

Commenting on Staley’s retirement, Duperreault added: “On behalf of my fellow directors and shareholders, I also want to thank Bob Staley for his 20 years of service on the ACE Board. Bob was one of ACE’s original directors. ACE has benefited greatly from Bob’s leadership as Chairman of the Audit Committee, especially during the last two years. ACE has also benefited greatly from the strategic advice and counsel he has provided over the past two decades. Bob’s
leadership and wise counsel will be sorely missed.”