Fri, November 20, 2015
Retired Chairman and CEO, CNA Insurance Companies
Dennis Chookaszian is the retired chairman and chief executive officer of CNA Insurance Companies.
Mr. Chookaszian served as CNA’s chairman and chief executive officer from 1992 until 1999. He also served as chairman of the executive committee of CNA from 1999 to 2001. From 1990 to 1992, Mr. Chookaszian served as CNA’s president and chief operating officer, with responsibility for all property and casualty, life, health and investment operations. Mr. Chookaszian joined CNA in 1975 and served as chief financial officer until 1990 when he was named president. He also served as chairman and CEO of mPower Inc, an internet financial advisory service, from 1999 to 2001. Prior to joining CNA, he was a management consultant with Deloitte for eight years working on various financial and systems related assignments.
Mr. Chookaszian served as chairman of FASAC (Financial Accounting Standards Advisory Council) which provides guidance to the FASB (Financial Accounting Standards Board) on accounting matters for five years and completed his term in 2011. He is also a member of the FCAG (Financial Crisis Advisory Group) which is the international commission that was created to develop recommendations to solve the financial reporting problems associated with the current economic problems.
During his career, he has served as a director on the boards of twelve publicly traded corporations and fifty private corporations. He is currently a director of the Chicago Mercantile Exchange, the world’s largest derivatives exchange, Career Education, a private post-secondary education provider, Allscripts, a leading provider of software for the Health Care sector, Internet Patents Corp, a firm that licenses Internet Patents, and MacDonald Dettwiler, a space satellite technology company. He also serves as a director of a number of private corporations and has served as an arbitrator in ten diverse cases and an expert witness in five cases.
Mr. Chookaszian is an Adjunct Professor at the University of Chicago Booth School of Business and teaches courses in Corporate Governance. He also teaches a course in International Corporate Governance at Cheung Kong University in China, Shanghai Advanced Institute of Finance in China, and at IIPM in India.
Mr. Chookaszian is a member of the national board of the Boy Scouts of America, a trustee of Northwestern University, a member of the advisory board of the University of Chicago Booth School of Business, and a member of the advisory board of Kellogg Graduate School of Management. He is also a director of Northwestern Memorial Hospital and president of the Foundation for Health Enhancement.
Mr. Chookaszian has a bachelor’s degree in chemical engineering from Northwestern University, a master’s degree in business administration from the University of Chicago, and a master of science degree in economics from the London School of Economics. He is a Certified Public Accountant, a Chartered Global Management Accountant, Chartered Property Casualty Underwriter, and a Certified Management Consultant as well as a member of the directors’ table of Beta Gamma Sigma, an honorary fraternity. In 2010, Mr. Chookaszian received the Outstanding Director Award from the Financial Times Outstanding Directors Exchange.