Cincinnati Financial Corporation Welcomes Edward S. Wilkins as New Independent Director

Cincinnati Financial Corporation Expands Board with New Appointment

Cincinnati Financial Corporation, a prominent player in the insurance industry, has recently announced the expansion of its board of directors with the addition of a new independent member, Edward S. Wilkins, CPA. This move marks the establishment of a 14th seat on the board, underscoring the company's commitment to augment its governance and oversight capabilities.

New Board Member: Edward S. Wilkins

Wilkins joins Cincinnati Financial after a distinguished career spanning over 35 years at Deloitte & Touche LLP, where he served as an Audit Assurance partner. His wealth of experience in the financial services sector, particularly with leading audit practices for some of the nation’s largest insurance firms, positions him as a valuable asset to the board. His previous role as the leader of Deloitte's audit analytics practice provided him with a robust foundation in integrating extensive data analysis into traditional auditing frameworks.

Following his retirement, Wilkins has remained active in the academic sphere, sharing his financial acumen as an adjunct professor at Vanderbilt University’s Owen Graduate School of Management. He continues to contribute his insights as a mentor to the Continuous Auditing and Reporting Lab at Rutgers University.

Enhancing Strategic Oversight

Stephen M. Spray, the president and CEO of Cincinnati Financial, expressed enthusiasm over Wilkins' appointment, citing his unparalleled expertise in understanding the intricate and evolving regulatory landscape that governs the insurance sector. Spray emphasized that Wilkins' extensive background, particularly in financial analytics, would greatly enhance the board's ability to navigate the complexities of the industry.

“With Ed on board, we’re confident that our strategic direction will be enriched. His analytical skills will be crucial as we strive to innovate and adapt our processes, especially considering the analytical demands burdening the sector today,” Spray remarked in a recent statement.

Wilkins' appointment is particularly strategic as Cincinnati Financial gears up to refine its analytical capabilities further. His leadership in various prominent committees, including the Data and Technology Task Force of the Public Company Accounting Oversight Board, perfectly aligns with the company's vision of adopting advanced methodologies in auditing and regulatory compliance.

About Cincinnati Financial Corporation

Cincinnati Financial Corporation is well-regarded for its diverse range of insurance services, providing business, home, and auto insurance through its subsidiary, The Cincinnati Insurance Company. The local independent insurance agencies also distribute other financial products across various segments, including life insurance and annuities. With a steadfast commitment to customer service and innovation, Cincinnati Financial has established a strong market presence and continues to seek opportunities for growth.

This recent expansion of the board signals the company’s proactive approach to governance as it aims to further solidify its standing in the competitive insurance landscape, ensuring that it remains agile and responsive to the evolving demands of its stakeholders.

Cincinnati Financial Corporation is headquartered in Cincinnati, Ohio, and is listed on the Nasdaq as CINF. For more information, individuals are encouraged to visit Cincinnati Financial’s website.