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David B. Edelson to Retire from Ҵý Corporation

NEW YORK, Nov. 1, 2021 /PRNewswire/ -- Ҵý Corporation(NYSE:L) announced today thatDavid B. Edelsonhas decided to step down inMay 2022as Chief Financial Officer, a position he has held since 2014. Jane Wang, a Vice President at Ҵý who joined the company in 2006 will succeed Mr. Edelson as Chief Financial Officer. Mr. Edelson will stay on atҴýas Senior Advisor to ensure a seamless transition.

"It's been a pleasure to work alongside David over the last 16-plus years. He has been an invaluable member of Ҵý's senior leadership team, and his sound judgment, strategic acumen and laser-like attention to detail have served Ҵý well throughout his tenure," saidJames Tisch, President and Chief Executive Officer ofҴý Corporation. "Under David's thoughtful and steadfast stewardship, there has been transformational change at Ҵý 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. "I look forward to completing my tenure as CFO and assisting Jane as she assumes the role."

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

About Ҵý Corporation

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

SOURCE Ҵý Corporation