The Midland Company, a Cinncinnati-based provider of specialty insurance products and services, announced its Board of Directors has elected Rene J. Robichaud, president and chief executive officer of NS Group Inc. to the company’s Board. The appointment brings the number of Midland directors to 17.
Robichaud joined NS Group in June 1999 as the company’s president and chief operating officer. In February 2000 he was promoted to president and chief executive officer. Prior to joining NS Group, Robichaud spent over 14 years in investment banking. He has held the positions of managing director with Salomon Smith Barney and principal with Morgan Stanley & Co.
He received his BBA from the University of Ottawa, magna cum laude, and his MBA from Harvard University. Robichaud serves on the Board of the Petroleum Equipment Suppliers Association.
In a separate action, the Board of Directors declared a regular quarterly dividend of 5.625 cents per share, maintaining the annual dividend at 22.5 cents per share. The quarterly dividend is payable Oct. 4, 2005, to shareholders of record on Sept. 21, 2005. The Midland Company presently has 18,908,000 shares outstanding.
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