Roger Newport joins American Financial Group board

CINCINNATI – American Financial Group , Inc. (NYSE: NYSE:) has announced the election of Roger K. Newport to its Board of Directors. Newport, the former CEO of AK Steel Holding Corporation, brings extensive corporate finance experience to the board. Concurrently, the company disclosed that Terry S. Jacobs will not seek re-election and plans to retire from the board at the 2024 Annual Meeting.

Newport’s career at AK Steel spanned from 1985 until his retirement in March 2020, following the company’s acquisition by Cleveland-Cliffs (NYSE:) Inc. His roles there included Executive Vice President, Finance and Chief Financial Officer, as well as various leadership positions in financial management. Newport also holds directorships at Alliant Energy (NASDAQ:) Corporation and its subsidiaries, bringing a wealth of governance experience to AFG.

Jacobs, who has been a part of AFG’s Board since 2003, has served on various committees, including as Chair of the Compensation Committee. His impending retirement marks the end of a significant tenure, during which he provided expertise from his executive management background and actuarial training.

AFG’s Co-CEOs, Carl H. Lindner III and S. Craig Lindner, expressed their gratitude to Jacobs for his service and welcomed Newport, anticipating that his experience will be instrumental in navigating the company through future opportunities.

Based in Cincinnati, Ohio, American Financial Group is an insurance holding company primarily engaged in property and casualty insurance through Great American Insurance Group. The company’s flagship, Great American Insurance Company, was founded in 1872.

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