UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
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| Item 5.02 | Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers |
(d) Effective January 1, 2022, the Board of Directors of The Travelers Companies, Inc. (“Travelers”) increased the number of directors on the Board from 11 to 13 and elected Rafael Santana and Bridget van Kralingen as directors to serve until their respective successor is elected and has qualified. Mr. Santana and Ms. van Kralingen will each be included as a nominee for director in Travelers’ 2022 proxy statement and subject to a shareholder vote at Travelers’ 2022 annual meeting of shareholders.
Mr. Santana was also appointed as a member of the Compensation, Investment and Capital Markets and Nominating and Governance Committees of the Board of Directors. Mr. Santana is the President and Chief Executive Officer of Wabtec Corporation. Prior to joining Wabtec in 2019, Mr. Santana spent nearly 20 years at General Electric Company, most recently as President and Chief Executive Officer of GE’s transportation business.
Ms. van Kralingen was also appointed as a member of the Audit and Risk Committees of the Board of Directors. Ms. van Kralingen is a Senior Vice President of International Business Machines Corporation, where she has held a number of positions of increasing responsibility since joining in 2004. Prior to her recently announced retirement from IBM, Ms. van Kralingen served as Senior Vice President, Global Markets & Sales.
In connection with their service as non-employee directors, Mr. Santana and Ms. van Kralingen will each receive compensation in accordance with Travelers’ Current Director Compensation Program described in Exhibit 10.2 to Travelers’ Form 10-Q for the quarter ended June 30, 2021, filed on July 20, 2021.
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, The Travelers Companies, Inc. has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| Date: January 3, 2022 | THE TRAVELERS COMPANIES, INC. | |
| By: | /s/ Christine K. Kalla | |
| Name: Christine K. Kalla | ||
| Title: Executive Vice President and General Counsel | ||
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