StoneRiver, Inc. Executive Team Expands

Two Positions Filled with Tenured Industry Leaders Oakland, CA, January 13, 2011 – Gary Sherne, President of StoneRiver, Inc., has announced the appointment two top level executives. Thomas Chesbrough has filled the new position of Senior Vice President of Business Enterprise Solutions, focusing on the growth of StoneRiver’s market leading P&C core products. Paul Skordilis has also recently joined StoneRiver as Senior Vice President, Sales and Marketing, overseeing these functions with an objective to drive growth and enhance our integrated marketing and sales activity. “I look forward to spending time with key customer decision makers,” remarked Mr. Chesbrough. “Building relationships, developing an understanding of their current and future requirements, and most importantly helping them achieve their business objectives are my top priorities.” With over 20 years of experience in information technology, Tom comes to StoneRiver from Nationwide Insurance, where he had the responsibility for IT Applications. Prior to Nationwide, Tom has held other leadership positions at Kensington Pointe, Thazar Solutions, Dodson Insurance Group and American Mutual Liability Insurance. As the new Senior Vice President of Sales and Marketing, Mr. Skordilis brings to StoneRiver his extensive knowledge of both domestic and international markets with a concentration on financial services and insurance companies. He is a seasoned executive with over 20 years of industry leadership experience. “I am very excited to be joining StoneRiver. I am well aware of StoneRiver’s great reputation for product and service excellence and look forward to helping it achieve market leadership,” stated Mr. Skordilis. Most recently Paul held the position of Vice President -Sales, Insurance Global Business Unit (IGBU) at Oracle, and is a known expert in developing effective processes and programs that drive sales, marketing and business development initiatives through both direct and channel sales models. Paul’s previous leadership roles include Executive Vice President, Insurance Technologies; Vice President, Worldwide Sales, StillSecure; and RVP of Sales, Risk Management Solutions, McAfee. “Tom and Paul come to us with a wealth of experience, as well as exciting new ideas and vision,” Gary Sherne, President of StoneRiver, Inc. affirmed. “These characteristics will certainly raise the bar for our organization in ways that will be beneficial to both StoneRiver and our clients.” About StoneRiver, Inc. StoneRiver delivers the industry’s widest range of technology solutions and services to insurance carriers, encompassing front-office, policy, claim, underwriting, billing, reinsurance, financial and compliance solutions for all major business lines. Hundreds of companies rely on StoneRiver solutions to help them streamline their complex business processes. Visit stoneriver.com for more information. # # # For more information contact: Lori Soppe, VP, Public Relations StoneRiver 319-398-0548 lori.soppe@stoneriver.com