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Established in 1914 by the state legislature, State Fund is California's most reliable provider of workers' compensation insurance and a vital asset to California businesses. State Fund supports California's entrepreneurial spirit and plays a stabilizing role in the economy by providing fairly priced workers' compensation insurance, helping California employers keep their workplaces safe, and restoring injured workers.




State Fund Taps Shaun Coyne as Chief Information Officer

September 16, 2009

SAN FRANCISCO --- State Compensation Insurance Fund today announced the selection of internationally respected technology professional Shaun Coyne as its new Chief Information Officer. Coyne will lead State Fund’s drive to build its Information Technology capabilities.

Coyne has 29 years of high-level experience in IT and has successfully integrated technology as a strategic business tool in large operations. Most recently he served for six years as Vice President and CIO of Toyota Financial Services in Torrance, California. In that position he successfully executed large-scale operational changes and strategies to drive financial improvements across a global IT department.

Prior to his tenure at Toyota, Coyne worked as a vice president and chief technology officer of General Electric (GE). At GE he oversaw systems development for retail financial services and capital real estate, and served a four-year stint in Tokyo heading up systems for GE’s Capital Global Consumer Finance unit. Earlier in his career he held executive systems positions with Chase Manhattan Bank and Citicorp/Citibank.

Coyne earned his BS in computer information systems and marketing from Manhattan College and received prestigious certifications in the Kaizen method of value-based management and the Six Sigma process, a disciplined, data-driven approach and methodology for eliminating defects.

As State Fund’s CIO, Coyne will lead the implementation of a comprehensive technology platform for the organization. Immediate goals include automating online quoting, developing business analytics, and modernizing key business functions.

EDITOR’S NOTE: Established in 1914 by the state legislature, State Fund is California’s largest provider of workers’ compensation insurance and a vital asset to California businesses. Completely self supporting, State Fund plays a stabilizing role in California’s economy by maintaining an open door policy that ensures that all employers have a strong and stable option for their workers’ compensation needs.

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