Dennis Chookaszian is the former chairman and CEO of CNA Insurance Companies, which was a $15 billion multi-line insurer with 20,000 employees. In his 26 years at CNA, Chookaszian served in numerous other executive capacities, including chief financial officer, president and chief operating officer where he was responsible for all property, casualty, life, health, and investment operations, and chairman of the Executive Committee. He was also chairman of the Agency Management Services subsidiary of CNA, and chairman of Intergroup, the HMO operation of CNA. Prior to joining CNA, he was a management consultant with Deloitte for eight years working on various financial and systems related assignments. He also served as Chairman and CEO of mPower, an internet startup providing electronic financial advice for management of 401(k) plans.
Since January 1, 2007, Chookaszian, who is a CPA, has served as chairman of the Financial Accounting Standards Advisory Council (FASAC), which advises the Financial Accounting Standards Board (FASB) on issues relating to the Board's agenda, project priorities, and other timely and topical matters. His background includes service on many AICPA and FASB committees and task forces, and he was one of the eight members of the Public Oversight Board Panel on Audit Effectiveness. He currently serves as a member of the Financial Crisis Advisory Group (FCAG), which is the International group that was formed to recommend solutions to the financial reporting issues related to the current financial crisis.
Chookaszian has served as a director on the boards of eleven publicly traded corporations and currently serves on the boards of Allscripts, a healthcare systems company, the Chicago Mercantile Exchange, the world's largest derivatives exchange, Career Education, a private post secondary education provider, LoopNet, an internet based commercial real estate listing service, Insweb, an internet based insurance purchasing service, and MacDonald Dettwiler, an information services company. He has also served on the Boards of 50 private companies throughout his career and presently serves on the Boards of 10 private companies. In addition, he currently serves on the boards of 6 not-for-profit organizations.
He earned a bachelor's degree in chemical engineering from Northwestern University, an MBA degree in finance from the University of Chicago Booth School of Business, and a master's degree in economics from the London School of Economics. In 2010, Mr. Chookaszian received the Outstanding Director Award from the Financial Times Outstanding Directors Exchange.