Ludwig Joins Board for Thoits Insurance Service

August 9, 2004

Mountain View, Calif.-based Thoits Insurance Service Inc. has elected Ronald L. Ludwig to serve on its Board of Directors.

Before retiring from the practice of law in San Francisco (1973-99), Ludwig was nationally acknowledged as a leading legal authority on employee stock ownership plans (ESOPs). He has written and lectured extensively on ESOPs, employee ownership issues, and corporate governance over the past 31 years.

Ludwig has testified on numerous occasions before the U.S. Senate Committee on Finance and the U.S. House of Representatives Committee on Ways and Means regarding ESOP legislation and before the Internal Revenue Service regarding ESOP regulations.

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