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American Financial Group, Inc. Announces the Retirement of David P. Faeth, Assistant Vice President
Rhea-AI Impact
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Rhea-AI Sentiment
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Rhea-AI Summary
American Financial Group (NYSE: AFG) announces the retirement of David P. Faeth, Assistant Vice President, effective May 2022, after 36 years with the company. Faeth started in AFG’s Tax Department in 1985, later moving to the annuity business and then to Corporate Development. He was a key figure in Enterprise Risk Management and Sarbanes-Oxley compliance. Faeth holds a Bachelor's in Accounting and an MBA, and is a Certified Public Accountant in Ohio. The company focuses on specialized commercial property and casualty insurance through the Great American Insurance Group.
Positive
David P. Faeth served 36 years, indicating strong employee retention.
Faeth’s contributions to risk management and compliance are noteworthy, enhancing company stability.
Negative
None.
CINCINNATI--(BUSINESS WIRE)--
American Financial Group (NYSE: AFG) announces the retirement of David (Dave) P. Faeth, Assistant Vice President, effective May 2022 after 36 years of service with the company.
Mr. Faeth began his career in AFG’s Tax Department in 1985. In 1993, he transitioned to the company’s annuity business, where he held various positions of increased responsibility in the operations and finance areas. In 2007, he joined the Corporate Development team within Great American’s P&C Group, where he led Enterprise Risk Management and Sarbanes-Oxley compliance.
In 2013, Mr. Faeth assumed the role of AFG Assistant Vice President, where he was instrumental in developing and leading AFG’s risk management function that included oversight for the Company’s Business Continuity Planning and Enterprise Information Security Group (EISG), as well as the Dempsey & Siders Insurance Agency.
Mr. Faeth earned a Bachelor of Business Administration in Accounting from Northern Kentucky University and a Master of Business Administration from Xavier University. He is a Certified Public Accountant (inactive) in the state of Ohio.
American Financial Group is an insurance holding company, based in Cincinnati, Ohio. Through the operations of Great American Insurance Group, AFG is engaged primarily in property and casualty insurance, focusing on specialized commercial products for businesses. Great American Insurance Group’s roots go back to 1872 with the founding of its flagship company, Great American Insurance Company.
What is the significance of David P. Faeth's retirement from AFG?
David P. Faeth's retirement marks the end of a 36-year career at American Financial Group, where he significantly contributed to risk management and compliance.
When did David P. Faeth retire from American Financial Group?
David P. Faeth retired effective May 2022.
What role did David P. Faeth hold at AFG before his retirement?
David P. Faeth was the Assistant Vice President at American Financial Group.
How long did David P. Faeth work at AFG?
David P. Faeth worked for American Financial Group for 36 years.
What was David P. Faeth's contribution to AFG?
He played a key role in developing the risk management function and compliance with Sarbanes-Oxley.
