State Automobile Mutual Insurance Company appointed company veteran, David Russell, as assistant vice president. The Columbus, Ohio-based property and casualty insurance company also declared a quarterly cash dividend of $0.0325 per share, payable March 29, to shareholders of record at the close of business on March 14.
With the company since 1977, Russell is the manager of Enterprise Network Systems for the State Auto Companies. He has served in a variety of underwriting and information technology positions, and is currently responsible for desktop network systems, including PCs, LAN/WAN connectivity and overall telecommunications.
The cash dividend is the 43rd consecutive one declared by the company’s board since STFC had its initial public offering of common stock on June 28, 1991. At the same meeting, the STFC board authorized the repurchase of up to 1 million shares of STFC common stock over a period extending to and through Dec. 31, 2003.
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