COLUMBUS, Ga., Sept. 29, 2014 /PRNewswire/ -- Aflac today
announced changes for two key executives as part of its ongoing
U.S. Operations strategy.
Effective immediately, Teresa L.
White is being named president, Aflac U.S., which includes
responsibility for Aflac Group operations in Columbia, S.C. White will continue to
report to Kenneth S. Janke, deputy
chief financial officer; executive vice president of Aflac
Incorporated. Janke, formerly president of Aflac U.S., is
returning full time to the deputy CFO role, assuming additional
responsibilities to include the financial reporting and actuarial
functions. He is also responsible for the Company's strategy
function and continues to report to Kriss
Cloninger III.
"Our realignment in 2013 has successfully accomplished what it
was designed to do, which was in part to grow our leadership bench,
and that coupled with Ken and Teresa's outstanding performance is
why we are able to make these announcements today. I am pleased
with what Ken has accomplished while serving as both deputy chief
financial officer and president of U.S. operations in terms of his
development into an operational CFO candidate, and while we fully
expect Kriss to be with us for several years, having Ken focus on
these additional areas of responsibility will only make us stronger
going forward," said Dan Amos, chief
executive officer.
Regarding White, Amos said, "Teresa has performed exceptionally
well as chief operating officer and continues to be respected as a
top professional, both internally and externally. Teresa has an
outstanding track record for serving our policyholders, employees,
agents and shareholders. She is ideally suited to lead U.S.
Operations."
About Aflac
When a policyholder gets sick or hurt, Aflac pays cash benefits
fast. For nearly six decades, Aflac insurance policies have given
policyholders the opportunity to focus on recovery, not financial
stress. In the United States,
Aflac is the leading provider of voluntary insurance at the
worksite. In Japan, Aflac is the
number one life insurance company in terms of individual policies
in force. Aflac individual and group insurance products help
provide protection to more than 50 million people worldwide. For
eight consecutive years, Aflac has been recognized by Ethisphere
magazine as one of the World's Most Ethical Companies. In 2014,
FORTUNE magazine recognized Aflac as one of the 100 Best Companies
to Work For in America for the 16th consecutive year. Also, in
2014, FORTUNE magazine included Aflac on its list of Most Admired
Companies for the 13th time, ranking the company number one in the
life and health insurance category. Aflac Incorporated is a FORTUNE
500 company listed on the New York Stock Exchange under the symbol
AFL. To find out more about Aflac, visit aflac.com or
espanol.aflac.com.
Forward-Looking Information
The Private Securities Litigation Reform Act of 1995 provides
a "safe harbor" to encourage companies to provide prospective
information, so long as those informational statements are
identified as forward-looking and are accompanied by meaningful
cautionary statements identifying important factors that could
cause actual results to differ materially from those included in
the forward-looking statements. We desire to take advantage of
these provisions. This document contains cautionary statements
identifying important factors that could cause actual results to
differ materially from those projected herein, and in any other
statements made by company officials in communications with the
financial community and contained in documents filed with the
Securities and Exchange Commission (SEC).
Forward-looking statements are not based on historical
information and relate to future operations, strategies, financial
results or other developments. Furthermore, forward-looking
information is subject to numerous assumptions, risks and
uncertainties. In particular, statements containing words such as
"expect," "anticipate," "believe," "goal," "objective," "may,"
"should," "estimate," "intends," "projects," "will," "assumes,"
"potential," "target" or similar words as well as specific
projections of future results, generally qualify as
forward-looking. Aflac undertakes no obligation to update such
forward-looking statements. We caution readers that the following
factors, in addition to other factors mentioned from time to time,
could cause actual results to differ materially from those
contemplated by the forward-looking statements: difficult
conditions in global capital markets and the economy; governmental
actions for the purpose of stabilizing the financial markets;
defaults and credit downgrades of securities in our investment
portfolio; exposure to significant financial and capital markets
risk; fluctuations in foreign currency exchange rates; significant
changes in investment yield rates; credit and other risks
associated with Aflac's investment in perpetual securities;
differing judgments applied to investment valuations; significant
valuation judgments in determination of amount of impairments taken
on our investments; limited availability of acceptable
yen-denominated investments; concentration of our investments in
any particular single-issuer or sector concentration of business in
Japan; decline in creditworthiness
of other financial institutions; deviations in actual experience
from pricing and reserving assumptions; subsidiaries' ability to
pay dividends to Aflac Incorporated; changes in law or regulation
by governmental authorities; ability to attract and retain
qualified sales associates and employees; decreases in our
financial strength or debt ratings; ability to continue to develop
and implement improvements in information technology systems;
interruption in telecommunication, information technology and other
operational systems, or a failure to maintain the security,
confidentiality or privacy of sensitive data residing on such
systems; changes in U.S. and/or Japanese accounting standards;
failure to comply with restrictions on patient privacy and
information security; inability to recognize tax benefits
associated with capital loss carryforwards; level and outcome of
litigation; ability to effectively manage key executive succession;
catastrophic events including, but not necessarily limited to,
epidemics, pandemics, tornadoes, hurricanes, earthquakes, tsunamis,
acts of terrorism and damage incidental to such events; ongoing
changes in our industry; events that damage our reputation; and
failure of internal controls or corporate governance policies and
procedures.
Media contact – Jon Sullivan,
706.763.4813, FAX: 706.320.2288, or jsullivan@aflac.com
Analyst and investor contact – Robin Y.
Wilkey, 706.596.3264 or 800.235.2667; FAX: 706.324.6330, or
rwilkey@aflac.com
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SOURCE Aflac