Old Republic International Corporation (NYSE: ORI) has announced the addition of Therace M. Risch to its Board of Directors as of March 18, 2024. Risch, 51, currently serves as the Executive Vice President and Chief Information & Technology Officer for American Electric Power Company, Inc. Notably, she brings a wealth of experience from her previous roles at J. C. Penney Company, Inc. and COUNTRY Financial, as well as ten years of experience in the insurance industry.
The press release highlights that Old Republic has added six new, highly qualified individuals to its board over the past 5 years, while six directors have departed in the same period. This move is part of the company's ongoing efforts to provide greater diversity of talents, professions, and backgrounds to the board.
Old Republic International Corporation is a Chicago-based insurance holding company, with subsidiaries that actively market, underwrite, and provide risk management services for a wide variety of coverages in the general and title insurance fields. The company's general insurance business is ranked among the nation’s 50 largest, while its title insurance business is the third largest in its industry.
The addition of Risch to the board, along with the broader changes in board composition over the past 5 years, reflects Old Republic's commitment to bringing in diverse expertise and experience to further strengthen its governance and strategic oversight. Today the company's shares have moved -0.2% to a price of $29.23. For more information, read the company's full 8-K submission here.
