U.S.I. Holdings Promotes O’Neil and Jones

December 26, 2002

David L. Eslick, chairman, president and CEO of U.S.I. Holdings Corporation announced that the Board of Directors has named Thomas E. O’Neil senior vice president and COO and Jeffrey L. Jones senior vice resident and chief marketing officer. U.S.I, headquartered in San Francisco, distributes insurance and financial products and services to small and mid-sized businesses nationwide.

As COO, O’Neil will be responsible for all of USI’s operating companies and USI’s regional CEOs and regional presidents will now report to him. Most recently, O’Neil served as regional CEO, USI Northeast Region, where he developed USI’s regional operation integration strategy. He has over 22 years of industry experience, and he joined USI in 1996.

As USI’s chief marketing officer, Jones will be responsible for the company’s sales and marketing efforts including sales, sales management, strategic relationships, cross-selling strategies, and recruiting sales professionals. Most recently, Jones served as regional CEO, USI West Coast Region. He has over 25 years of industry experience, and he joined USI in 1994.

USI also promoted James M. Butler to president of the Northeast Region and Kevin P. Mencarelli to president of the West Coast Region. Most recently, Butler has been CEO, USI New York. In his new role as president of the Northeast Region, he will be responsible for USI’s retail operations throughout New York, New England, Pennsylvania, Connecticut and New Jersey. Butler has over 15 years of industry experience in banking and insurance, and he joined USI in 1997.

Mencarelli has been president, USI Northern California. In his new role as president of the West Coast Region, he will be responsible for USI’s retail operations in California, Washington and Oregon. He has over 14 years of industry experience, and he joined USI in 1998.

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