Insurance Management

CLAYTON YOUNG

Cell: (914-**-****-*** West **TH Street, Apt. 7J

****************@*****.*** New York, NY 10025

ACCOMPLISHED SENIOR FINANCIAL EXECUTIVE

Retired Executive with over 30 years of deep experience in finance, insurance and asset management, seeking full-time or consulting engagement with a public company to work with the finance team and help the company achieve its financial goals.

Pension Asset Management I Savings Plan Structure and Design I Non-Qualified Plan Management Insurance and Risk Management I Corporate Finance I Cash Management

M & A Due Diligence (for pensions, insurance and finance)

Experience:

Assistant Treasurer, Exelis Inc. (A spin-off of ITT Corporation), October, 2011 – August, 2015

Investment Management: Managed the split of retirement assets (both pension and 401(k)) from ITT to Exelis Inc. and Xylem, Inc. which were spun off from ITT in October, 2011. Continued as Director of Investments and Chair of the Exelis Investment Committee with investment responsibility for over $7 billion of qualified and non-qualified pension and savings plan assets until the merger of Exelis with Harris Corporation in May, 2015. During that time, implemented various strategies de-risk pension plan and improved processes and controls governing plan assets.

Insurance: Re-assumed responsibility of insurance in May, 2014 upon the departure of the incumbent Director of Risk Management. Lead the insurance team in the spin-off of Vectrus, Inc. from Exelis in September, 2014 and the integration of Exelis’ insurance program into Harris’ in May, 2015, exceeding the synergy goals set by Harris by 2X.

Assistant Treasurer, ITT Corporation (1991 – October 2011):

Finance: Primary responsibility for managing banking relationships, negotiating revolving credit line ($ 1.75 billion), acquisition financing and providing support in corporate finance and managing rating agency relationships. Worked on bridge financing for ITT’s acquisition of Caesars World and Madison Square Garden in the early 1990’s, as well as the credit facilities for ITT, ITT Industries and the Harford, when ITT executed a three-way IPO in November, 1995

Investment Management: Director of Investment (since 2010), Member and subsequently Chair (in 2010), Pension Investment Committee with investment responsibility for U.S. Pension Master Trust ($4.2 billion), Savings Plans ($2.2 billion), Foreign Welfare Plans ($200 million, U.K. and Canada) and Non-qualified benefit plans ($100 million); also manage custodian and consultant relationships and interface between investment management and actuarial and benefits accounting.

Insurance: Director of Insurance responsible for $ 75 million global property and casualty program covering over 40 countries and including management of captive insurance company; Part of team that manages and values the company’s legacy liabilities, including asbestos, silicosis and environmental liabilities

Corporate Development: Member of due diligence and integration teams for corporate development covering insurance, cash management, finance and pensions.

Benefits: Member of ITT Benefits Administration Committee, which is responsible for Benefit Plan administration, reporting, recordkeeping, participant communication and compliance.

Previous Employment:

Co-Director of Insurance, ITT Corporation

Manager, Insurance Financial Controls, ITT Corporation

Assistant Casualty Insurance Manager, ITT Corporation

Education:

MBA, Management and Finance, The Wharton School

BA, cum laude, Art History, University of Pennsylvania

Certified Property/Casualty Underwriter (CPCU)

Associate of Risk Management (ARM)

Awards:

2008 Harold S. Geneen Award for Team Achievement, the highest award granted by ITT.

2006 Alternative Investment News’ Hedge Fund Award for Institutional Investor of the Year

2005 Institutional Investor Magazine Plan Sponsor of the Year

Past Professional Affiliations:

Member, Pension Group East

Member, Risk Management Council, Manufacturers’ Alliance (MAPI)

Limited Partners Advisory Board – Goldman Sachs Private Equity Partners, PEIF IV & V, Euro Choice III & IV, DFJ Element, Firelake Strategic Technology Fund II (Valuation Committee)

ACE Insurance Company Client Advisory Council

Activities:

President, Board of Trustees, Second Presbyterian Church, NYC

Board Member and Finance Chair, Alexander Robertson School, NYC

Member – Finance Committee, former Chair, Board of Managers, West Side YMCA

Member, Investment Committee, YMCA of Greater New York

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