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Alfa Names New President of the Vision Insurance Group.


MONTGOMERY, Ala. -- Alfa Corporation (NASDAQ NASDAQ
 in full National Association of Securities Dealers Automated Quotations

U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on
:ALFA) and the Alfa Insurance Group today announced the appointment of John C. Pace, 43, as president of The Vision Insurance Group, LLC (Logical Link Control) See "LANs" under data link protocol.

LLC - Logical Link Control
 (Vision), a full service managing general agency headquartered in Brentwood, Tennessee Brentwood is a city in Williamson County, Tennessee, United States. The population was 23,445 as of the U.S. Census Bureau's 2000 census, and as of 2007, Brentwood's population has increased to over 30,000.

Brentwood is an affluent Nashville suburb.
. Pace joined the company in 2004 in the Product Development Department and was promoted to Vice President of Underwriting in 2005. In this new role, he will oversee the non-standard automobile operations administered through Vision. Vision, a wholly owned subsidiary Wholly Owned Subsidiary

A subsidiary whose parent company owns 100% of its common stock.

Notes:
In other words, the parent company owns the company outright and there are no minority owners.
 of Alfa Corporation, currently distributes its products through over 4,000 independent agents in nine states.

Pace replaces John Russell John Russell may refer to:
  • David John Russell, politician from Alberta, Canada
  • E. John Russell (1872-1965), British agriculturalist
  • John "Jack" Russell (1795-1883), enthusiastic hunter and dog breeder
  • John C. Russell (circa 1963-1994), playwright
  • John E.
, who founded Vision in 1997 and continued to manage the company after its acquisition by Alfa in 2005. Russell will remain affiliated with Vision in an advisory capacity through the remainder of 2007.

"John is an excellent choice to oversee our non-standard automobile operations," said Jerry A. Newby, Chairman, President and Chief Executive Officer of Alfa. "He has a proven track record of success in the independent agency arena and extensive experience in the non-standard auto market. John's background has prepared him for this role and will preserve the continuity of this strong management team. I am confident his broad base of industry knowledge will enable us to build upon prior successes at Vision."

Pace is a graduate of Middle Tennessee State University Middle Tennessee State University (founded September 11, 1911, and commonly abbreviated as MTSU) is an American university located in Murfreesboro, Tennessee. . Prior to joining Alfa, he was affiliated with Direct General Corporation.

Investors are cautioned that statements in this press release which relate to the future are, by their nature, uncertain and dependent upon numerous contingencies - including political, economic, regulatory, climatic, competitive, legal, and technological - any of which could cause actual results and events to differ materially from those indicated in such forward-looking statements forward-looking statement

A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections.
. Additional information regarding these and other risk factors and uncertainties may be found in Alfa Corporation's filings with the Securities and Exchange Commission.
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No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2007, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Date:Jun 18, 2007
Words:308
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