Governor John Hickenlooper nominated three new members to serve on the board of directors of Pinnacol Assurance, the state's quasi-public insurer of last resort.
In a release on Tuesday afternoon, Hickenlooper named John Cevette, Blair Richardson And John Plotkin to the maligned company's board of directors.
“These individuals are each uniquely qualified to provide the Pinnacol Board with expertise in business management, employment law governance and worker’s compensation insurance,” the Governor said in a statement Tuesday. “Clearly, some events in the past related to Pinnacol were inappropriate. We expect the addition of Blair Richardson, John Plotkin and John Cevette will help restore trust and accountability to the board.”
Hickenlooper was referring to criticism that Pinnacol received over a $300,000 gold junket that executives took in 2010.
The release describes Richardson as a "Managing Partner of Bow River Capital Partners in Denver," and Plotkin as "a member of the law firm Gregory & Plotkin LLC," specializing in "complex business and commercial disputes."
Richardson was appointed by ex-Governor Ritter in the final days of his term.
Cevette, who is the chief of staff to Senate President Brandon Shaffer, was openly critical of Pinnacol in a statement to the Denver Post on Tuesday. “I think there are a lot of good people there (at Pinnacol), Cevette said. "Their mission is a noble mission. I have been critical of the travel and some of the other activities that we saw from the performance audit that the state auditor did.”
Pinnacol was chartered by the state to be Colorado's official insurer of last resort. The company is exempt from state taxes. The Senate must now confirm Hickenlooper's nominees.
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