Gustafson to Leave St. Paul

August 28, 2000

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The St. Paul Companies president and chief operating officer James E. Gustafson will be leaving the company. The decision was a mutual one, arrived at by both Gustafson and the company. The company said over the last several months it has become increasingly apparent that there was not a fit between The St. Paul and Gustafson’s “considerable skills.”

The St. Paul has commenced an external search to identify potential successors.

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