Woodland Hills Native Becomes Youngest Officer with Auto Insurer
Woodland Hills, CA – Bruce W. Marlow, President and CEO of 21st Century Insurance (NYSE:TW), announced today that JesР“С”s Zaragoza, 32, has been appointed Vice President, Controller, for the company.
“As a public company, 21st operates in an environment today that places enormous demands on the quantity, quality and timeliness of financial reporting and disclosure to shareholders and regulators,” said Marlow. “JesР“С”s has an impressive understanding of these complex requirements and has built a team and process to consistently produce what is needed. Candor, integrity and expertise are essential qualities for financial executives. JesР“С”s has those qualities and is a demonstration that they are not about age, but about character.”
Just five months after joining 21st in 2003, JesР“С”s was promoted to Assistant Vice President and Financial Controller. His responsibilities include GAAP and Statutory accounting, SEC reporting, plus NAIC and DOI financial reporting.
Before joining 21st, JesР“С”s spent seven years in the audit practice at Deloitte & Touche, working with financial services companies and then HMOs. Offered the opportunity to face new challenges in his hometown of Woodland Hills at 21st, JesР“С”s jumped at the chance. Once onboard, JesР“С”s spearheaded the finance department’s part in 21st’s overall efforts to comply with the new Sarbanes-Oxley requirements for financial reporting and internal controls.
Surprised by the announcement of becoming a VP, JesР“С”s shared his good news with his wife of more than five years, Gabriela, and his two daughters, Cecilia (23 months) and Alyssia (two months).
“So many companies say this, but here at 21st, our ability to work together really comes through,” JesР“С”s said. “Everyone really has that team attitude and a commitment to excellence.”
About his new title, JesР“С”s added, “Sometimes you just work hard and wonder if it’s recognized, and this really reaffirms that it is.”
A 1995 graduate of UCLA, where he received a bachelor of arts degree in business economics, JesР“С”s has secured his roots in the community where he also attended high school, graduating from El Camino Real “just a few blocks from where I work now,” he laughed.
About 21st: Good people to call
Founded in 1958, 21st Century Insurance is a direct-to-consumer provider of personal auto insurance. With $1.4 billion of revenue in 2005, the company insures over 1.5 million vehicles in California, Texas, Illinois and six other states. 21st provides superior policy features and 24/7 customer service at a competitive price. Customers can purchase insurance, service their policy or report a claim at 21st.com or on the phone with our licensed insurance professionals at 1-800-211-SAVE, 24 hours a day, 365 days a year. Service is offered in English and Spanish both on the phone and on the Web. 21st Century Insurance Company, 21st Century Casualty Company and 21st Century Insurance Company of the Southwest are rated A+ by Fitch Ratings and Standard & Poor’s.
21st Century Insurance is traded on the New York Stock Exchange under the trading symbol TW and is headquartered at 21st Century Plaza, 6301 Owensmouth Avenue, Woodland Hills, CA 91367.