Members of the American Academy of Actuaries formally elected 4 new regular directors at the group’s annual meeting in Boston.
The 3 new regular directors, who will serve 3-year terms on the board of the AAA, Washington, are Mary D. Miller, a property-casualty actuary with the financial regulation division of the Ohio Department of Insurance; David Neve, vice president of Aviva USA, Des Moines, Iowa; and Tom Wildsmith, a consulting actuary with the Hay Group, Arlington, Va.
Ron Gebhardtsbauer, a faculty member at Penn State University, was elected by acclamation to serve as a director for a year to complete the term of Art Panighetti, a vice president at Northwestern Mutual Life Insurance Company, Milwaukee, who was named a vice president of the AAA.
For the first time, a rival candidate made a bid to be elected to the AAA board.
Tom Bakos, a Ridgway, Colo., consulting actuary, solicited proxies from other AAA members in the hope of being elected at the academy’s annual meeting
The final vote tally was not available at press time, but an AAA spokesman said Bakos had received about 800 fewer votes than his closest rival for the board.
Bakos estimates that about 1,500 votes were cast at the meeting, and that about 1,100 of those votes were proxy votes by members not present.
He says he believes close to 1,100 of those votes were derived from proxies the AAA had collected on behalf of its slate.
“I received 667 votes, which included 233 proxies exercised on my behalf,” Bakos said. “So, without proxies, the academy slate received about 414 votes, and I received 434.”
Bakos says he ran for a board post on a platform that included a call to amend the AAA bylaws to give members a choice of at least two well qualified candidates for each director position. He says he will continue to push for this change.