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Insurance Exec. To Lead RNC Fundraising Effort

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Insurance Exec. To Lead RNC Fundraising Effort

St. Paul (AP) ― A retired insurance company executive will take the lead role in promoting and raising money for the 2008 Republican National Convention.

The local host committee planning for the GOP gathering announced Thursday that Doug Leatherdale will become chairman.

Leatherdale is the former Chairman and CEO of The St. Paul Cos., and is also a director at UnitedHealth Group Inc.

The party has given the host committee a $39 million fundraising goal for the convention, but the committee is aiming for almost $60 million.

Committee official Jeff Larson said convention organizers have raised at least 20 percent of the $39 million. That would work out to at least $7.8 million, although Larson declined to provide a specific dollar amount.

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According to GOP.com, the Republican Party was born in the early 1850's by anti-slavery activists and individuals who believed that government should grant western lands to settlers free of charge. In 1860, Abraham Lincoln was elected as the first Republican Party president.

(© 2009 CBS Broadcasting Inc. All Rights Reserved. This material may not be published, broadcast, rewritten, or redistributed. The Associated Press contributed to this report.)