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Overview


TUSKEGEE - By Jerry Leonard


1998, CIA Oilmen & Israelis plan to overthrow Saddam for the oil.

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courant.com  

http://www.courant.com/business/hc-insurejob1124.artnov24,0,4839496.story?coll=hc-headlines-business



Director Named For State Job Effort

Former Phoenix Executive To Pursue Growth In Insurance, Financial Services

By DIANE LEVICK
Courant Staff Writer

November 24 2005

Barbara Fernandez of Haddam, a former executive at The Phoenix Cos., has been chosen to lead a new state office aimed at attracting and retaining insurance and financial services jobs in Connecticut, Gov. M. Jodi Rell announced Wednesday.

Fernandez, 53, will start Dec. 19 as director of the new Insurance and Financial Services Business Development Office. It is part of the Department of Economic and Community Development.

She will leave her current post as chief executive of Guakia Inc. in Hartford, a bilingual school of Latino music, art and culture.

Fernandez has marketing, international and management expertise, and creating the new office "will go a long way in helping to ensure that Connecticut remains the Insurance Capital of the World," Rell said in a written statement.

The new position was first announced last May after the governor's summit meeting with local executives from the industry.

It comes after years of mergers and acquisitions that have taken company headquarters out of Hartford and cut thousands of jobs, with more layoffs on the way.

Fernandez, who will be paid about $81,000 a year, will help the governor and Economic Development Commissioner James Abromaitis shape public policy and strategy and work with state and local leaders.

She expects to speak with companies that are already located in the state, including Fairfield County, and to attend certain conferences around the nation. She also plans to research and possibly visit some states that have successfully recruited and kept insurance or financial service businesses, such as Iowa, Vermont and the Carolinas.

"We as a state have so much to offer the industry," Fernandez said in an interview Wednesday.

She realizes the challenges in attracting major new corporate headquarters, but says, "We may not be bagging an elephant, but I'll take a couple of birds."

Fernandez's position will be complementary to the existing Insurance and Financial Services Cluster, Abromaitis said. The cluster, launched in 2002, is a partnership of corporations and state government aimed at fostering the industry in Connecticut.

Abromaitis said Fernandez will report to him on issues of policy and direction, and to Oley Carpp, of the Office of Strategic Competitiveness, for administrative matters.

Fernandez worked for Hartford-based Phoenix for about 25 years, and was one of the employees who accepted early retirement offers in 2001. She started with Guakia as a "loaned" executive from Phoenix for a time.

She had risen through the ranks at Phoenix to become an assistant vice president in international operations. She was responsible for helping to identify and develop international joint ventures for Phoenix, such as one in Argentina.

Before Phoenix, she worked for Travelers Insurance as an analyst in the property-casualty business.

Born in the Dominican Republic, Fernandez, who is bilingual, moved at the age of 9 with her family to New York. She graduated from Trinity College in Hartford with a bachelor's degree in economics and received an M.B.A. from the University of Connecticut.

She lives with her husband, Robert Sarmuk, a Pratt & Whitney retiree, and has a daughter in college.

Copyright 2005, Hartford Courant