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Erie Indemnity Company Announces Departure of Chief Financial Officer

September 23, 2015

Erie Indemnity Company (NASDAQ: ERIE) announced that Marcia A. Dall, executive vice president and chief financial officer, will depart ERIE on October 9, 2015. Dall has accepted the position of Executive Vice President and Chief Financial Officer (CFO) for Churchill Downs Incorporated (NASDAQ: CHDN). Greg Gutting, ERIE's current senior vice president, controller, will serve as interim CFO.

"In her time with us, Marcia built a world-class financial operation," said Terry Cavanaugh, president and CEO of Erie Insurance. "Her personal capability and commitment to ERIE has played out in the growth and success we experienced during her tenure as CFO. She established and leaves us with a highly skilled and focused team, and we wish her well in the next phase of her career."