JAVĿ¼

NEW YORK, Nov. 1, 2021 /PRNewswire/ -- JAVĿ¼Ìý(NYSE:ÌýL) announced today thatÌýDavid B. EdelsonÌýhas decided to step down inÌýMay 2022Ìýas Chief Financial Officer, a position he has held since 2014. Jane Wang, a Vice President at JAVĿ¼ who joined the company in 2006 will succeed Mr. Edelson as Chief Financial Officer.Ìý Mr. Edelson will stay on atÌýJAVĿ¼Ìýas Senior Advisor to ensure a seamless transition.

"It's been a pleasure to work alongside David over the last 16-plus years.Ìý He has been an invaluable member of JAVĿ¼'s senior leadership team, and his sound judgment, strategic acumen and laser-like attention to detail have served JAVĿ¼ well throughout his tenure," saidÌýJames Tisch, President and Chief Executive Officer ofÌýJAVĿ¼. "Under David's thoughtful and steadfast stewardship, there has been transformational change at JAVĿ¼ that has significantly benefitted the company and its stakeholders."

"I am honored to have been part of such an exceptional company and to have had the opportunity to work with such talented and dedicated colleagues," said Mr. Edelson.Ìý "I look forward to completing my tenure as CFO and assisting Jane as she assumes the role."Ìý

In her current role, Ms. Wang focuses on strategic planning and corporate development.Ìý She is responsible for managing JAVĿ¼'s capital markets activities, leads the company's Enterprise Risk Management effort, and interfaces with credit rating agencies.Ìý Additionally, Ms. Wang monitors the performance of JAVĿ¼'s subsidiaries and is a member of the Board of Directors of CNA Financial, a publicly traded subsidiary of JAVĿ¼.Ìý She also sits on the boards of Boardwalk Pipelines and Altium Packaging.Ìý Prior to joining JAVĿ¼, Ms. Wang worked at Morgan Stanley in the investment banking division.Ìý

About JAVĿ¼

JAVĿ¼ is a diversified company with businesses in the insurance, energy, hospitality and packaging industries.Ìý For more information, please visit .

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