RICHMOND, Va., Jan. 12 /PRNewswire-FirstCall/ -- Markel Corporation
(NYSE: MKL) announced today that effective at its next annual meeting, May 23,
2005, Darrell D. Martin will hand over the role of Chief Financial Officer
while continuing on a reduced time basis to assist the Company as Executive
Vice President. Effective the same date, Richard R. Whitt, III will be
promoted to Senior Vice President and Chief Financial Officer.
Alan I. Kirshner, Chairman and Chief Executive Officer, commented "Darrell
has been associated with Markel for more than 20 years and has been
instrumental in our success. Equally important, he has mentored and helped
develop a very skilled and talented finance department, including his
successor, Richie Whitt. We are grateful that Darrell is willing to continue
to assist us and we are delighted to recognize Richie's skills and
contribution to our organization with his promotion."
Richie joined Markel Corporation in 1991 in the corporate finance
department and was promoted to Controller in 1994. He served in that role
until 2001 when he assumed the position of Vice President, Treasurer and
Controller. In 2003, Richie joined Markel International in London as Chief
Richie graduated from Virginia Tech in 1987 with a Bachelor of Science in
Accounting. He worked with KPMG in their audit practice before joining
Markel. Richie was the 2000 recipient of the Markel Chairman's Award, an
award given annually to the individual who most exemplifies the Markel Style.
Markel Corporation markets and underwrites specialty insurance products
and programs for a variety of niche markets. In each of these markets, the
Company seeks to provide quality products and excellent customer service so
that it can be a market leader. The financial goals of the Company are to earn
consistent underwriting profits and superior investment returns to build
Visit Markel Corporation on the web at http://www.markelcorp.com.
SOURCE: Markel Corporation
CONTACT: Bruce A. Kay of Markel Corporation, +1-804-965-1720
Web site: http://www.markelcorp.com