AUSTIN, Texas, Feb. 27, 2017 /PRNewswire/ -- Citizens, Inc.
(NYSE: CIA) today announced that Frank
Keating, the former governor of Oklahoma, has been unanimously appointed as a
director, effective immediately.
"We are thrilled that Gov. Keating is able to join Citizens'
Board," said Dr. Robert Sloan,
Chairman of Citizens' Board of Directors. "Today's
announcement is another significant step for Citizens. In
addition to his proven record as a leader and public servant, Gov.
Keating brings valuable experience in life insurance, compliance,
law enforcement and corporate governance. I look forward to
serving alongside Gov. Keating."
Gov. Keating is a partner at the law firm of Holland & Knight, LLP. Gov. Keating
has held significant leadership positions in both the public and
private sectors. In addition to serving as Governor of
Oklahoma, his impressive career
includes serving as CEO of the American Bankers Association and
prior to that President and CEO of the American Council of Life
Insurers, the trade association for the life insurance and
retirement security industry. He also has served as assistant
secretary of the Treasury and associate attorney general under
President Ronald Reagan. He
was later general counsel and acting deputy secretary for the
Department of Housing and Urban Development (HUD) under President
George H.W. Bush. During his tenure
at the Treasury Department and HUD, he worked on significant issues
affecting the banking, insurance and the financial services
industries. His law enforcement career included serving as the U.S.
attorney for the Northern District of Oklahoma and as an FBI agent.
Mr. Keating filled the open Board seat vacated by former
director Tim Timmerman, having been
elected by the currently serving Class A directors in accordance
with the Colorado Business Corporation Act and Citizens'
bylaws. At the time of this announcement, Mr. Keating has not
been appointed to serve on any committees of the Board.
"It is an honor that Gov. Keating has agreed to serve on
Citizens' board," said Dr. E. Dean
Gage, the Chairman of the Citizens' Nominating and Corporate
Governance Committee. "Gov. Keating's experience will be a
tremendous asset to the Citizens' board and executive team.
My personal interaction with Gov. Keating has confirmed for me that
he is an accomplished statesman, leader and lawyer who embodies the
character and competency required to serve on a publicly traded
company's board of directors."
Citizens, Inc. is a financial services company listed on the New
York Stock Exchange under the symbol CIA. The Company utilizes a
three-pronged strategy for growth based upon worldwide sales of
U.S. Dollar-denominated whole life cash value insurance policies,
life insurance product sales in the U.S. and the acquisition of
other U.S.-based life insurance companies.
This press release may contain forward-looking statements as
defined in the U.S. federal securities laws, which can be
identified by words such as "may," "will," "expect," "anticipate"
or "continue" or comparable words. In addition, all
statements other than statements of historical facts that address
activities that the Company expects or anticipates will or may
occur in the future are forward-looking statements.
Forward-looking statements are subject to risks and uncertainties
that could cause actual results to differ materially from those
anticipated or implied by the forward-looking statements, including
the "Risk Factors" and similar disclosure described in Citizens'
Annual Report on Form 10-K for the year ended December 31, 2015, Quarterly Reports on Form 10-Q
and other periodic filings with the Securities and Exchange
Commission. You should not unduly rely on forward-looking
statements, which speak only as of the date they are made.
Citizens undertakes no duty or obligation to update or revise any
forward-looking statement as a result of new information, future
events or changes in the Company's expectations. The Company
also disclaims any duty to comment upon or correct information that
may be contained in reports published by the investment
community.
For further information contact:
Investor Relations
PR@citizensinc.com
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SOURCE Citizens, Inc.