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OhioBWC - Basics:  Board of Directors

board of directors

Biographies | Duties | Terms of service | annual report


Nicholas W. Zuk
Chair of the Board
Member of the Audit and Governance committees
Represents self-insuring employers
Term expires June 12, 2016

Nicholas Zuk, of Westerville, is senior vice president, general counsel and secretary of White Castle System in Columbus. Since 1992 he has overseen the company's risk management program and served as a trustee for both the pension and profit sharing plans. He is a current member of the Ohio State Bar Association, the Columbus Bar Association and the American Corporate Counsel. He has previously served as chairman of the board for the National Council of Chain Restaurants and the Ohio Restaurant Association. He holds a bachelor's degree from Washington University (St. Louis) and a juris doctorate from Capital University.

David Caldwell
Member of Actuarial and Investment committees
Represents Executive Committee of the Ohio AFL-CIO
Term expires June 12, 2018

David Caldwell, of Pataskala, is a career member of the United Steelworkers of America. Caldwell has held several positions in the United Steelworkers State of Ohio District 1, presently serving as legislative coordinator and assistant director. He has also held various local union offices, including president of USW Local 2342 and chairman of the workers' compensation committee. Caldwell is currently the president of the Central Ohio AFL-CIO and a member of the Ohio AFL-CIO Executive Committee.

Chan Cochran
Vice Chair of Board, Chair of the the Governance Committee, Member of the Investment and Audit committees
Represents the public
Term expires June 11, 2017

Chan Cochran, of New Albany, is founder and CEO of the Cochran Group, Inc., a state capital government affairs consulting firm. He is a former member and chair of Franklin County Children Services and former member of the Veterans Memorial Board of Trustees. Director Cochran served in the Navy - two years in Vietnam and as a shipboard media liaison for the Apollo 11 and Apollo 13 Recovery Missions. He was awarded the Purple Heart and the U.S. Navy Commendation Medal with Combat V.

Peggy Griffith
Vice Chair of Medical Services & Safety Committee, Vice Chair of Governance Committee, Member of Actuarial Committee
Represents employees
Term expires June 11, 2017

Peggy Griffith, of Deerfield, is a member of the Communications Workers of America (CWA) Local 4302. She is first vice-president of the Ohio AFL-CIO Hall of Fame Labor Council. She chaired the CWA's safety and health committee and the joint AT&T safety committee. She has more than 35 years of workers' compensation experience as a member and committee chair for CWA.

Frank A. Guglielmi
Vice-chair of the Investment Committee, Member of the Governance Committee
Investments expert
Term expires June 12, 2018

Frank Guglielmi is the retired executive officer and director of the Ohio Bank. A resident of Findlay, Ohio, Mr. Guglielmi is active as a trustee of the Findlay/Hancock County Development Foundation, Greater Findlay Inc. and the Findlay/Hancock County Alliance. Mr. Guglielmi is very active in bringing job growth to Ohio and especially Hancock County.

Kenneth Haffey
Chair of the Audit Committee
Certified public accountant
Term expires June 12, 2018

Kenneth Haffey, of Chesterland, has been a licensed CPA in Ohio since 1986. He is currently a partner in CPA firm of Skoda, Minotti and Co. in Mayfield Village. Haffey served as a managing partner and vice president for Century Business Services, Inc., a Cleveland CPA firm. Haffey also worked as a vice president for banks in Cleveland and Chicago, and has served as an adjunct accounting professor at Case Western Reserve University since 1990. Haffey received a bachelor's degree from the University of Notre Dame in 1978 and an MBA from DePaul University in 1982.

David W. Johnson
Chairman of the Medical Services & Safety Committee, Vice Chair of the Audit Committee, Member of the Actuarial Committee
Represents employers with more than 100 employees
Term expires June 11, 2017

David Johnson, of Salem, is the CEO of Summitville Tiles, Inc. and is a member and past chair of the Ohio Manufacturers' Association Board. He also is a board member of Consumers National Bank; Radio America, American Studies Center; and Ohio Business Alliance for Higher Education and the Economy boards.

Stephen E. Lehecka
Chair of the Actuarial Committee, Member of the Investment Committee
Term expires June 12, 2016

Stephen Lehecka, of Westfield Center, is chief actuary for Westfield Insurance. Throughout his career, he has served in actuarial positions for insurance companies in Ohio and Michigan. He is currently a member of the Property Casualty Insurers Association of America. He earned his bachelor's degree in mathematics from Alma College in Alma, Michigan and also completed some graduate studies in mathematics at Michigan State University. He is a fellow of the Casualty Actuarial Society and a member of the American Academy of Actuaries.

Mark J. Palmer
Chair of the Investment Committee, Member of the Governance and the Medical Services & Safety committees
Investment and securities expert
Term expires June 12, 2016

Mark Palmer, of Bexley, is chief executive officer for The Joseph Group Capital Management, an investment advisory firm he founded with his brother in 1999. As of Dec. 31, 2010, The Joseph Group directly managed or advised more than $260 million in investment assets. Columbus Business First magazine has listed the firm in the top 10 fee-only financial planning firms each of the last 10 years and included the firm in its "Fast 50", a ranking of privately held companies based on revenue growth in 2008, 2009, 2010 and 2011. In 2011 the company was named one of the "Best Places To Work" in Central Ohio by Business First newspaper. Palmer is a registered investment advisor representative with the U.S. Securities and Exchange Commission. He serves as board chair of Methodist Eldercare Services and as a board member of Ohio Northern University. He holds a bachelor’s degree from Ohio Northern University and a juris doctorate from Rutgers University.

Tracie J. Sanchez
Vice Chair of the Actuarial Committee, Member of the Medical Services & Safety Committee
Represents employers with 100 or fewer employees
Term expires June 12, 2018

Tracie Sanchez is the corporate president of the Lima Pallet Company, Inc. In 30 years of service to Lima Pallet, she learned to do most of the tasks Lima Pallet has to offer from fork lift operator to sales manager to become the President of Lima Pallet in 2001. She has a strong knowledge of cost savings programs BWC offers to Ohio's employers. She is also involved in the community by serving on the National Federation of Independent Business’ Ohio Leadership Council. Mrs. Sanchez is a native of Lima, Ohio, where she lives with her husband, Jeffery, and their three children.

Dewey R. Stokes
Member of the Audit and Medical Services & Safety committees
Represents employees
Term expires June 12, 2016

Dewey Stokes, of Columbus, has a long history of public service to the community, state and nation. He served more than 27 years as a Columbus police officer and was elected Franklin County Commissioner, a position he held for 12 years. He also has a wide range of experience in law enforcement and labor issues, including serving as president of the National Fraternal Order of Police, co-chairman of former Gov. George V. Voinovich's Labor Advisory Committee and member of the Columbus Area Labor Management Board.


The Board of Directors is an independent body of fiduciaries entrusted with setting overall administrative policy for BWC.

Summary of duties

  • Advising BWC’s administrator on all policy and operational matters

  • Safeguarding the assets of Ohio’s workers’ compensation system, including maintaining the solvency of the State Insurance Fund

  • Providing independent verification of BWC’s financial and operational performance
Highlights of specific duties

Please see RC 4121.12 for a comprehensive listing of all board duties. Below are some highlights.
  • State Insurance Fund

    • The board has specific responsibility to safeguard and maintain the solvency of the State Insurance Fund and other funds.

  • Investment duties

    • Approve the investment policy developed by the investment committee ensuring that the policy satisfies the requirements in the law.

    • Review and publish the investment policy annually, and prohibit any investment contrary to the policy.

    • Vote to open each investment class and adopt rules establishing standards for investing in the class.

    • Submit an annual report to the governor and the leaders of the four legislative caucuses on the value and performance of each investment class.

    • Vote to close any investment class.

  • Actuarial duties

    • Prepare and submit (no later than 60-days following introduction) an actuarial analysis of any introduced legislation expected to have a measurable financial impact on BWC. This analysis must include the following:
      1. A summary of the statutory changes being evaluated;
      2. A description of or reference to the actuarial assumptions and actuarial cost method used in this report;
      3. A description of the participant groups used in the report;
      4. A statement of the financial impact of the legislation, including the resulting increase, if any, in employer premiums, in actuarial accrued liabilities and the relevant percent premium increase associated that would be required to amortize the increase in those liabilities as a level percent of employer premiums over a period not to exceed 30 years;
      5. A statement of whether the employer premiums paid to BWC after enactment of the proposed change should be sufficient to satisfy the funding objectives the board establishes.

    • Prepare an annual actuarial report that consists of valuation of the assets, liabilities and funding requirements of all BWC funds, which will include the following:
      1. A summary of compensation and benefits provided;
      2. A summary of the census data and financial information used;
      3. A description of the actuarial assumptions, cost method, and asset valuation method used;
      4. A summary of findings that includes actuarial accrued compensation and benefit liabilities and unfunded actuarial accrued compensation and benefit liabilities;
      5. A schedule showing the effect of any changes in compensation and benefits, actuarial assumptions, or cost methods since the previous report;
      6. This report must be submitted to the legislative committees that hear BWC legislation as well as the Workers’ Compensation Council no later than September 1 of the year following the year studied.

    • Conduct an investigation every five years to update BWC’s actuarial assumptions. The investigation should analyze the experience of employers, the mortality, service and injury rates of employees, and the payment of temporary total disability, permanent partial disability, and permanent total disability. The board must submit this report to the Workers’ Compensation Council and the standing legislative committees that hear BWC legislation by November 1 following the fifth year studied, and must include all of the following:
      1. A summary of relevant decrement and economic assumption experience;
      2. Recommended changes in actuarial assumptions to be used in actuarial variations;
      3. A measurement of the financial effect of the recommended changes.

  • General administrative duties

    • Review BWC’s progress in meeting cost and quality objectives, and in complying with relevant statutes.

    • Submit an annual report to the Governor, Ohio Senate President, House Speaker and Workers’ Compensation Council, including the following specific criteria:
      1. An evaluation of the cost and quality objectives of the bureau;
      2. A statement of the net assets available for the provision of compensation and benefits, as of the last day of the fiscal year;
      3. A statement of any changes that occurred in the net assets available, including employer premiums and net investment income, for the provision of compensation and benefits and payment of administrative expenses, between the first and last day of the fiscal year;
      4. The following information for each of the six consecutive fiscal years occurring previous to the report:
        • A schedule of the net assets available for compensation and benefits;
        • The annual cost of the payment of compensation and benefits;
        • Annual administrative expenses incurred;
        • Annual employer premiums allocated for the provision of compensation and benefits.
      5. A description of any significant changes that occurred during the six years for the portion of the report described above that affect the ability of the board to compare that information from year to year.

    • Review all independent financial audits.

    • Study issues as requested by the Governor or Administrator.

    • Contract with all of the following:
      1. Independent actuarial firm to assist administrator in setting premium rates;
      2. Independent investment counsel to assist the investment committee;
      3. Independent fiduciary counsel to assist the board in its duties.

    • Advise and consent on all of the following:
      1. Administrative rules for the classification of occupations or industries, for premium rates and contributions, for the amount to be credited to the surplus fund, for rules and systems of rating, rate revisions, and merit rating;
      2. Administrator duties and authority;
      3. Rules adopted for HPP and QHP;
      4. Rules regarding the Public Employment Risk Reduction Program and the protection of public health-care workers from exposure incidents.

    • Meet with the Governor to discuss administrator performance.

    • Develop and participate in a board education program. The board must submit this plan to the Workers’ Compensation Council for approval. The program must consist of the following:
      1. An orientation for newly appointed members;
      2. A continuing education program;
      3. A curriculum that includes member duties, compensation and benefits, ethics, governance processes and procedures, actuarial soundness, investments.

    • Appoint the members of the Audit, Investment, and Actuarial Committees.

    • Create any committee in addition to the Audit, Actuarial, and Investment Committees that the board deems necessary to perform its duties.

Terms of service


  • Initial board members will serve one-, two- or three-year terms.
    (Please see member biographies for individual terms.)

  • After the initial appointments, board members will serve three-year terms.

  • The Governor appoints board members, with the advice and consent of the Ohio Senate.

  • Members can be reappointed.


  • $2,500 for attending one or more Committee meetings each month, and $2,500 for attending one or more board meetings each month.

  • Not to exceed $60,000 per year when combined with compensation for committee assignments

  • A member must attend at least one board meeting per month to receive compensation for that month