Robert I. Lipp Named Chairperson of the Board
StoneRiver Announces New Board Member
Brookfield, WI, June 22, 2009 – StoneRiver, Inc., a leading provider of insurance technology solutions and outsourcing services, welcomes Robert I. Lipp as he joins its Board of Directors in the role of Chairperson on May 26, 2009. Mr. Lipp is deeply respected throughout the industry for his influential leadership of some of the world's largest financial services firms. While CEO of Travelers in 2003, he was instrumental in the successful merger of St. Paul Companies and Travelers Property Casualty Corporation.
“Bob’s wisdom and insight will be invaluable in shaping the strategic direction for our company. His insurance and operational expertise, keen sense of purpose, and disciplined financial focus will be critical leadership qualities as we invest in and expand our technology and outsourcing solutions for the insurance industry,” comments Mark Damico, President and CEO of StoneRiver, Inc.
Mr. Lipp currently serves on the board of directors for The Travelers Companies, Inc., Accenture, The New York City Ballet and Mass MOCA. He retired from the Board of Directors of JPMorgan Chase & Co. (NYSE:JPM) in 2008 but continues as a senior advisor. He is also a Senior Partner with Brysam Global Partners, a private equity firm that specializes in consumer financial services in emerging markets.
Prior to his position as Chairperson and CEO of Travelers Property Casualty Corp., he held various senior executive positions at Citigroup and its predecessor companies. Mr. Lipp received his undergraduate degree at Williams College, his M.B.A. at Harvard and his J.D. at New York University.
“I am honored to be chosen for this role at a time when the industry is seeking innovative opportunities for growth and longevity,” says Lipp. “I look forward to working with the board and executive team to develop and execute upon the solid strategic plan.”
About StoneRiver
Hundreds of insurers, thousands of agents and brokers, and tens of thousands of pharmacies rely on StoneRiver software and processing solutions to achieve a competitive edge. StoneRiver promotes client success by streamlining complex business processes. StoneRiver was formerly Fiserv Insurance Solutions. Learn more at www.stoneriver.com.
Additional Contact:
Lori Soppe, VP, public relations
StoneRiver
319-398-0548
Lori.Soppe@stoneriver.com