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Apr 25, 2001

Erie Indemnity Company Reports Re-election of Incumbent Directors and Executive Officers

Erie Indemnity Company Reports Re-election of Incumbent Directors and Executive Officers ERIE, Pa. – April 25, 2001 - The shareholders of Erie Indemnity Company (NASDAQ: ERIE) yesterday re-elected as directors all of the nominees recommended by the nominating committee.

Erie Indemnity Company Reports Re-election of Incumbent Directors and Executive Officers

ERIE, Pa. – April 25, 2001 - The shareholders of Erie Indemnity Company (NASDAQ: ERIE) yesterday re-elected as directors all of the nominees recommended by the nominating committee. The persons re-elected to the Board of Directors are:

  • Samuel P. Black III
President, Treasurer and Secretary of Samuel P. Black & Associates, Inc.
  • J. Ralph Borneman Jr.
    • President and Chief Executive Officer of Body-Borneman Associates, Inc.
  • Patricia Garrison-Corbin

    • Founder, President & Chief Executive Officer of P.G. Corbin & Company, Inc.
  • Susan Hirt Hagen

    • Co-trustee of H.O. Hirt Trusts
  • F. William Hirt
    • Co-trustee of H.O. Hirt Trusts; Chairman of the Board of Erie Indemnity
  • Samuel P. Katz
    • Chief Executive Officer, Greater Philadelphia First; Founder, President and Chief Executive Officer of Community Sports Partners, LLC; Managing Partner, Wynnefield Capital Advisors, Inc.
  • Claude C. Lilly III

    • Dean, Belk College of Business Administration, University of North Carolina Charlotte
  • Stephen A. Milne

    • President and CEO of Erie Indemnity
  • Henry N. Nassau

    • Managing Director, General Counsel and Secretary, Internet Capital Group, Inc.
  • John M. Petersen

    • Retired President and CEO of Erie Indemnity
  • Jan R. Van Gorder

    • Senior Executive Vice President, Secretary and General Counsel of Erie Indemnity
  • Robert C. Wilburn

    • President and Chief Executive Officer, Gettysburg National Battlefield Museum Foundation; Distinguished Service Professor, Carnegie Mellon University

    F. William Hirt, chairman of the Erie Indemnity Company board of directors, congratulated the directors and the management of the company on another outstanding year.

    "The Erie Indemnity Company continues to prosper under the leadership of Steve Milne and our executive officers," said Mr. Hirt. "By staying true to the company’s founding principle, they have been able to deliver exceptional results."

    "Having our service recognized by J.D. Power and Associates as tops in the nation among agency represented companies is a real tribute to the efforts of our dedicated family of employees and agents," said Mr. Milne. "ERIE’s continued success is a result of their daily commitment to our service emphasis."

    Mr. Milne also noted that Susan Hirt Hagen withdrew from consideration at the annual meeting five shareholder proposals she had outlined in a Schedule 13D submitted to the Securities and Exchange Commission on January 12, 2001.

    At the board of directors meeting immediately following the Annual Shareholders Meeting, the board unanimously re-elected the current executive management team of the company and re-elected F. William Hirt as chairman of the board. The executive officers re-elected are:

    • Stephen A. Milne, CIC,
    President and Chief Executive Officer
  • Jan R. Van Gorder, Esq.,
    •  Senior Executive Vice President, Secretary and General Counsel
  • Philip A. Garcia, CPA, FLMI, ACS,
    • Executive Vice President and Chief Financial Officer
  • Jeffrey A. Ludrof, CPCU, AIC, CIC, LUTCF,
    • Executive Vice President, Insurance Operations

    Erie Indemnity Company is the principal management company for the member companies of the Erie Insurance Group, which includes the Erie Insurance Exchange, Flagship City Insurance Company, Erie Insurance Company, Erie Insurance Property and Casualty Company, Erie Insurance Company of New York and Erie Family Life Insurance Company.

    According to A. M. Best Company, Erie Insurance Group, based in Erie, Pennsylvania, is the 18th largest private passenger automobile insurer in the United States based on direct premiums written and the 29th largest property/casualty insurer in the United States based on total lines net premium written. The Group, whose home office is located in Erie, Pennsylvania, has more than 3.1 million policies in force and operates in 10 states and the District of Columbia. Erie Insurance is rated A++ (superior) by A.M. Best Company and is listed in Ward’s Top 50 for financial security and stability.