STATE OFFICE OF RISK MANAGEMENT

PUBLIC MEETING ON

May 5, 2004

Board Members Martha Rider (Chairman), Tom Pace, Ronald Beals, and Gerald Lavey were present. Micaela Alvarez was absent. Jonathan Bow, Interim Executive Director, and Stephen Vollbrecht, Interim General Counsel were also in attendance.

Item 1. Chairman Rider called the public meeting to order at 10:27 a.m. on May 5, 2004. Chairman Rider recognized the members present and that a quorum was established.

Item 2. Board Member Beals moved for approval of the Minutes of the February 18, 2004 meeting. Board Member Pace seconded the motion which carried without objection (4-0 vote).

Item 3. Executive Session for the purpose of discussing the employment, evaluation, reassignment, and/or duties of the executive director. The Board went into Executive Session at 10:30 a.m.

Item 4. Executive Session for the purpose of discussing the personnel matters involving the appointment, employment, evaluation, and/or duties of an interim executive director. The Board returned to Open Session at 11:37 a.m.

Item 5. Board Member Beals moved that the board accept the retirement/resignation of Ron Josselet, Executive Director. Board Member Lavey seconded the motion which carried without objection (4-0 vote). Board Member Lavey moved to appoint Jonathan D. Bow as Executive Director and set his salary at $82,000.00. Board Member Pace seconded the motion which carried without objection (4-0 vote).

Item 6. Interim Executive Director's Report deferred to next board meeting.

Item 7. Discussion of interim charges and associated studies. No questions and no action taken.

Item 8. No comments from public. Chairman Rider acknowledged Mr. Josselet's retirement under the state's incentive program and praised his service to the State. Chairman Rider called on staff to continue working as a team and commended staff for its work. The Board expressed support for Mr. Bow in his new position.

Item 9. Future meeting dates. Mr. Bow suggested the board meet approximately twice a month regarding upcoming issues. It was agreed that May 19th would be set as the tentative date for the next meeting. The Board also set June 9th and June 30th as future tentative meeting dates.

Item 10. Board Member Lavey moved to adjourn. Board Member Beals seconded the motion, which carried without objection (4-0 vote).

I certify that the above minutes were approved by the State Office of Risk Management Board Members at the public meeting on June 9, 2004.