Ryan Specialty Holdings, Inc. announced that Francesca Cornelli, Dean of Northwestern University's Kellogg School of Management, has been appointed to its Board of Directors and will serve as a member of its Audit Committee, effective July 31, 2023. Concurrently, Henry S. Bienen has been moved from the Audit Committee to the Compensation and Governance Committee. Dr. Cornelli's initial term as a director will expire at the 2024 annual meeting of the Company?s stockholders, at which time her continued Board service will be subject to renomination and stockholder approval.

With the election of Dr. Cornelli, the size of the Board is now twelve members. The Board has determined that Dr. Cornelli is independent and meets the applicable independence requirements of the New York Stock Exchange, the Board?s independence standards, and Rule 10A-3 of the Securities Exchange Act of 1943, as amended (the ?Exchange Act?). Dr. Cornelli has been the Dean of Kellogg School of Management since 2019.

Previously, she was a professor of finance and deputy dean at London Business School. Dr. Cornelli directed and advanced the highly regarded Private Equity Institute of London Business School, building a bridge between academia and practice by partnering with private equity leaders in London, alumni and top academics in the field. Dr. Cornelli has published several papers in the major finance and economics journals, and she gives regular talks at major conferences and universities.

Dr. Cornelli is a research fellow at the Center for Economic and Policy Research, and previously served as a director of the American Finance Association. In January 2016, Dr. Cornelli helped create and became a board member of AFFECT, a committee of the American Finance Association designed to promote the advancement of women academics in the field of finance. She serves on several boards, including Edizione, GSM Grosvenor Inc., GCP, Civic Consulting Alliance and Lyric Opera of Chicago.

Specific to insurance, Dr. Cornelli also served on the board of Swiss Re International and Swiss Re Europe from 2013 to 2019.