CNA Appoints Luther Lau Chief Financial Officer

Jan 05, 2010, 12:33 ET from CNA

ALEXANDRIA, Va., Jan. 5 /PRNewswire-USNewswire/ -- CNA announced today that Luther Lau, formerly acting chief financial officer, treasurer and vice president, CNA Contracts and Financial Management, is the company's chief financial officer, treasurer and senior vice president, effective immediately. Reporting to President and Chief Executive Officer Robert J. Murray, Lau is responsible for all financial and contractual operations of CNA. He manages the strategic planning, implementation, and management of CNA's accounting; budgeting; financial planning, reporting, systems development and operations; treasury functions; and contract administration and procurement. He also oversees the annual consolidated budget, monthly forecasting and analysis.

"Luther's financial and business acumen makes him an ideal choice for our CFO," said Murray. "As a senior operating and management leader with strong financial and business management experience, he delivers bottom-line results with a strategic aptitude. He has the vision with a clear sense of purpose and urgency to continue building upon the success of CNA for the future."

Prior to joining CNA in 2007, Lau was vice president and controller for Science Applications International Corporation from 1998 to 2007, where he directed all financial operations including accounting, planning, forecasting and analysis, business proposal reviews, and ongoing contract performance assessments for an organization with more than $350M in annual revenues. His prior experience spans various financial management positions at Northrop Grumman Corporation and Atlantic Richfield Company.

Lau earned a bachelor's degree in Business Administration and Finance from the Marshall School, University of Southern California, and a master's degree in Accounting and Organizational Management from the Wharton School, University of Pennsylvania.

CNA is a not-for-profit research organization which serves the public interest by providing in-depth analysis and results-oriented solutions to help government leaders choose the best course of action in setting policy and managing operations. CNA: Nobody gets closer -- to the people, to the data, to the problem.