April 28, 2009

Commercial Property Insurer FM Global Announces Caterpillar Group President Edward J. Rapp is elected to its Board of Directors

JOHNSTON, R.I.—FM Global, one of the world’s largest business property insurers, has announced that Edward J. Rapp, group president of Caterpillar, Inc, has been elected to its board of directors. Caterpillar, Inc is a world-leading manufacturer of construction and mining equipment, diesel and natural gas engines and industrial gas turbines.

Rapp joins FM Global’s 12-member board, which comprises executives from the world’s most influential companies. FM Global is a mutual insurance company owned and directed by its policyholders. It takes an uncommon approach to insurance—helping more than one of every three FORTUNE 1000 companies, and similar size organizations worldwide, better understand their property threats and helping them protect their business operations from such perils.

“Mr. Rapp brings an extensive international and marketing background to FM Global’s board,” said Shivan S. Subramaniam, chairman and chief executive officer, FM Global. “We appreciate his commitment to FM Global’s continued success and look forward to his valuable leadership, wisdom and contributions.”

Since joining Caterpillar as a pricing analyst in 1979, Rapp has held positions related to pricing, production scheduling, marketing, dealer development, manufacturing and product development. In 1987, he transferred to the North American Commercial Division where he held positions in Planning Support and as district manager of the San Francisco district. He later transferred to Johannesburg, South Africa as area manager and then on to Geneva, Switzerland where he was the department manager in Building Construction Products, and Europe Region Manager. In 2000, Rapp became an Officer of Caterpillar as the vice president of the Europe-Africa-Middle East (EAME) Marketing Division.

Other members of FM Global’s board of directors include:

• Ruud H. Bosman, vice chairman, FM Global
• Walter J. Galvin, senior executive vice president and chief financial officer, Emerson Electric Co.
• Mary L. Howell, executive vice president, Textron Inc.
• John A. Luke Jr., chairman and chief executive officer, MeadWestvaco Corp.
• Gracia C. Martore, executive vice president and chief financial officer, Gannett Co., Inc.
• Robert J. O’Toole, director and retired chairman and chief executive officer, A.O. Smith Corp.
• David Pulman, president, global manufacturing and supply, GlaxoSmithKline
• Elisabeth M. Struckell, vice president, business development, PepsiCo
• Shivan S. Subramaniam, chairman and chief executive officer, FM Global
• James C. Thyen, president and chief executive officer, Kimball International, Inc.
• Alfred J. Verrecchia, chairman of the board, Hasbro, Inc.

Established nearly 175 years ago, FM Global (www.fmglobal.com) is a US$4.6 billion company that ranks 766 among FORTUNE Magazine’s largest companies in America. It has been named “Best Property Insurer in the World” by Euromoney magazine and “Best Global Property Insurer” by Global Finance magazine. Clients work with FM Global to develop robust property insurance and engineering solutions to protect their business operations from fire, natural disasters and other types of property risk. The company is rated A+ (Superior) by A.M. Best and AA (Very Strong) by Fitch Ratings.

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