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Nationwide Splits Chairman, CEO Roles

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NU Online News Service, June 5, 2003, 11:25 a.m. EDT – Nationwide Financial Services Inc., Columbus, Ohio, says it is separating the roles of chairman and chief executive officer.

The company’s board has elected Arden Shisler to serve a one-year term as chairman.

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W.G. Jurgensen, who has been the company’s chairman and CEO, will continue to be the CEO but give up the title of chairman, Nationwide says.

Shisler, the former owner of K&B Transport Inc., Dalton, Ohio, is also the chairman of Nationwide Mutual Insurance Company. Nationwide Mutual owns 63% of Nationwide Financial’s outstanding stock.