COLUMBUS, Ga., June 24, 2015 /PRNewswire/ -- Aflac
Incorporated (NYSE: AFL) announced today that it has hired
Frederick J. Crawford as executive
vice president and chief financial officer, reporting to Aflac
Chairman and Chief Executive Officer Daniel
P. Amos. In his new role, which will be effective
June 30, 2015, Crawford will be
responsible for overseeing the financial management of company
operations.
As previously announced, Kriss Cloninger
III will remain as president of Aflac Incorporated, with a
particular emphasis on capital and strategic planning, as well as
helping the company grow the business while ensuring solid
profitability. Cloninger will also be working closely with Crawford
as he assumes the chief financial officer role.
Crawford brings nearly three decades of financial and leadership
experience to Aflac. Most recently, he served as executive vice
president and chief financial officer of CNO Financial Group since
2012. Prior to that, he spent more than a decade at the Lincoln
Financial Group serving in roles of progressive responsibility,
including as executive vice president and chief financial officer
as well as leading Corporate Development and Investments. Before
joining Lincoln Financial Group, he also held leadership positions
at Bank One Corporation. Crawford received his bachelor of arts
degree from Indiana State University
and a master of business administration degree from the
University of Iowa, where currently
serves as an advisory board member with the Finance Department at
its Tippie College of Business.
Aflac Incorporated Chairman and Chief Executive Officer
Daniel P. Amos commented: "It is
exciting to welcome such a well-respected leader and seasoned
insurance executive with Fred's financial acumen and breadth of
experience to our organization. Fred's appointment emphasizes our
continued focus on disciplined financial management and our ongoing
commitment to building a leadership team to enable us to achieve
our long-term growth aspirations. I am confident that Fred will be
a valuable contributor to Aflac in the coming years."
Regarding his new role as executive vice president and chief
financial officer, Crawford commented: "It is a tremendous
opportunity for me to join Aflac at such an exciting time. As I
embark on my new role, I look forward to applying the experience
I've gathered and opportunities I've been given to build on the
reputation Aflac has established for transparency and financial
strength."
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 work site. Through its
trailblazing One Day Pay(SM) initiative, Aflac U.S. can
receive, process, approve and disburse payment for eligible claims
in one business day. In Japan,
Aflac is the leading provider of medical and cancer insurance and
insures one in four households. Aflac individual and group
insurance products help provide protection to more than 50 million
people worldwide. For nine consecutive years, Aflac has been
recognized by Ethisphere magazine as one of the World's Most
Ethical Companies. In 2015, Fortune magazine recognized Aflac as
one of the 100 Best Companies to Work For in America for the 17th
consecutive year. Also, in 2015, Fortune magazine included Aflac on
its list of Most Admired Companies for the 14th time, ranking the
company No. 1 in innovation for the insurance, life and health
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 and One Day Pay(SM), 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;
ineffective risk management policies and procedures; 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; 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; increased expenses for pension
and other postretirement plans; and failure of internal controls or
corporate governance policies and procedures.
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Analyst and investor contact – Robin Y.
Wilkey, 706.596.3264 or 800.235.2667; FAX: 706.324.6330 or
rwilkey@aflac.com
Media contact – Catherine Blades,
706.596.3014; FAX: 706.320.2288 or cblades@aflac.com
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SOURCE Aflac Incorporated