San Francisco, CA – The Board of Directors of State Compensation Insurance Fund today announced that it has received and accepted the resignation of President and CEO Janet D. Frank, effective October 23, 2009. Jan’s decision to leave is a personal one prompted by a serious illness in her family.
“The Board thanks Jan for her leadership and the strong foundation she has laid for State Fund’s future,” said Jeanne Cain, Board of Directors Chair. “State Fund has achieved great progress over the past two years in our effort to create a stronger, more transparent and customer-focused organization. We are fortunate to have an excellent executive team and solid momentum to ensure that evolution continues during this important transition.”
“Despite the significant economic challenges facing California, State Fund remains financially strong and poised to continue providing a guaranteed workers’ compensation market to California’s businesses. State Fund is a stable provider of workers’ compensation insurance and a vital asset to the state’s economy.”
The Board will be appointing a President and CEO on an interim basis at their next meeting, on October 21, 2009.
The Board will begin a search for a permanent president and CEO immediately.
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.
