MaSSSoftech

SAN FRANCISCO, Sept. 16 /PRNewswire/ -- State Compensation Insurance Fund
today announced the selection of internationally respected technology
professional Shaun Coyne as its new Chief Information Officer. Coyne will lead
State Fund's drive to build its Information Technology capabilities.

Coyne has 29 years of high-level experience in IT and has successfully
integrated technology as a strategic business tool in large operations. Most
recently he served for six years as Vice President and CIO of Toyota Financial
Services in Torrance, California. In that position he successfully executed
large-scale operational changes and strategies to drive financial improvements
across a global IT department.

Prior to his tenure at Toyota, Coyne worked as a vice president and chief
technology officer of General Electric (GE). At GE he oversaw systems
development for retail financial services and capital real estate, and served
a four-year stint in Tokyo heading up systems for GE's Capital Global Consumer
Finance unit. Earlier in his career he held executive systems positions with
Chase Manhattan Bank and Citicorp/Citibank.

Coyne earned his BS in computer information systems and marketing from
Manhattan College and received prestigious certifications in the Kaizen method
of value-based management and the Six Sigma process, a disciplined,
data-driven approach and methodology for eliminating defects.

As State Fund's CIO, Coyne will lead the implementation of a comprehensive
technology platform for the organization. Immediate goals include automating
online quoting, developing business analytics, and modernizing key business
functions.

EDITOR'S NOTE: Established in 1914 by the state legislature, State Fund is
California's largest provider of workers' compensation insurance and a vital
asset to California businesses. Completely self supporting, State Fund plays a
stabilizing role in California's economy by maintaining an open door policy
that ensures that all employers have a strong and stable option for their
workers' compensation needs.