News Releases

The Co-operators Announces New Chief Financial Officer

May 15, 2007
9:35am

    GUELPH, ON, May 15 /CNW/ - The Co-operators today announced the
appointment of Bruce West as Senior Vice President and Chief Financial Officer
(CFO), The Co-operators Group Limited, effective June 4, 2007.
    Mr. West brings over 25 years of progressive financial and managerial
experience in operations, corporate development, and financial management to
this role. He began his financial services career with KPMG (Thorne Riddell)
in 1980. Subsequent roles included 11 years with London Life; eight years with
Clarica; and two years as Sun Life's Chief Financial Officer for Canada as a
result of its acquisition of Clarica. Most recently, he has been Chief
Financial Officer for Canadian Tire Financial Services Limited and Canadian
Tire Bank.
    "I am very pleased that Bruce has agreed to join The Co-operators and
fill this very important role," said Kathy Bardswick, president and CEO of The
Co-operators. "Clearly, given his achievements and his experience, we are
fortunate to have Bruce joining our team."
    Mr. West holds a Bachelor of Mathematics from the University of Waterloo
(1980), Chartered Accountant designation (1981), and an MBA in Marketing from
Wilfrid Laurier University (2005). He replaces former CFO Kevin Daniel, who
has taken on the role of Senior Vice President and Chief Operating Officer of
Co-operators Life Insurance Company.

    About The Co-operators:

    Based in Guelph, Ontario, The Co-operators is a group of Canadian
companies offering home, auto, life, group, commercial and farm insurance, as
well as investment products and property development. With assets of $7
billion, The Co-operators is a co-operative owned by 37 Canadian
co-operatives, credit unions and like-minded organizations. It is well known
for its community involvement, and is listed among the 50 Best Employers in
Canada.

    %SEDAR: 00008192E

For further information: Leonard Sharman, The Co-operators,
1-877-795-7272, ext. 2707

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