Governor Schwarzenegger named Larry Mulryan State Fund's new Board chairman. He replaces Jeanne Cain, whose term expired.Mulryan joined State Fund's Board of Directors in 2008. He was formerly the executive director of the California Insurance Guarantee Association, and served as State Fund's Interim President in 2007.
Governor Schwarzenegger has also appointed Scott Reid, of Placerville, to the Board of Directors. Reid has been cabinet secretary in the Office of the Governor. Prior to that, Reid was undersecretary of the State and Consumer Services Agency (SCSA), and was chief deputy director for the Department of Consumer Affairs from 2007 to 2009. Reid also spent a year as the director of the Office of the Insurance Advisor.
Reid will take Jeanne Cain's position on the Board. Cain is an executive vice president with the California Chamber of Commerce.
Commenting on Ms. Cain’s service on the Board of Directors, State Fund President and CEO Tom Rowe said, “As Jeanne departs State Fund, we thank her for the leadership, courage and commitment she displayed throughout her tenure. As a result of her work,” Rowe added, “State Fund is a stronger organization, better prepared to fulfill our mission and our important role in California's economy.”The appointments are among the many the outgoing governor made in his final days in office.
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.