Allstate Announces Leadership Change at Allstate Financial.George George, river, c.345 mi (560 km) long, rising in a lake on the Quebec-Labrador boundary, E Canada. It flows N through Indian Lake (125 sq mi/324 sq km) to Ungava Bay (an arm of Hudson Strait). Ruebenson Named Interim President and Chief Executive Officer NORTHBROOK Northbrook, village (1990 pop. 32,308), Cook co., NE Ill., a suburb of Chicago; settled 1836. It was incorporated as Shermerville in 1901 and was reincorporated as Northbrook in 1923. , Ill. -- The Allstate Corporation (NYSE NYSE See: New York Stock Exchange :ALL) today announced that James E. Hohmann, president and chief executive officer of Allstate Financial, will leave the company effective January 5, 2009. George Ruebenson, president, Allstate Protection, will take responsibility for the key operational areas while a thorough search for a new leader is conducted. Ruebenson has been with Allstate for 38 years and has consistently led teams to achieve business results through difficult market conditions. "Allstate plays an important role in serving millions of Americans who rely on us for common-sense solutions to help them protect their assets and prepare for the future," said chairman, president, and chief executive officer, Thomas J. Wilson Thomas J. Wilson, 49, is president and chief executive officer of The Allstate Corporation and Allstate Insurance Company. Wilson is also a member of the corporations board of directors. Wilson currently lives in Chicago. . "Despite the hard work of our team we must be more focused on creating a sustainable business A business is sustainable if it has adapted its practices for the use of renewable resources and holds itself accountable for the environmental and human rights impacts of its activities. model that reflects a new economic environment and reality for our customers. I look forward to working with George and the entire leadership team to ensure that Allstate Financial lives up to its full potential." Wilson continued, "We remain committed to the success of Allstate Financial. With this business, we can leverage our brand and investing expertise, improve our relationship with customers and take advantage of opportunities in the growing retirement space. I want to thank Jim Hohmann for his contributions to Allstate and wish him well in his future endeavors." The Allstate Corporation (NYSE: ALL) is the nation's largest publicly held personal lines insurer An individual or company who, through a contractual agreement, undertakes to compensate specified losses, liability, or damages incurred by another individual. An insurer is frequently an insurance company and is also known as an underwriter. . Widely known through the "You're In Good Hands With Allstate([R])" slogan A slogan is a memorable motto or phrase used in a political, commercial, religious and other context as a repetitive expression of an idea or purpose. Slogans vary from the written and the visual to the chanted and the vulgar. , Allstate is reinventing protection and retirement to help individuals in approximately 17 million households protect what they have today and better prepare for tomorrow. Customers can access Allstate products and services such as auto insurance and homeowners insurance through approximately 14,700 exclusive Allstate agencies and financial representatives in the U.S. and Canada, or in select states at allstate.com and 1-800 Allstate([R]). The Allstate Financial Group provides life insurance, supplemental accident and health insurance, annuity annuity: see insurance. annuity Payment made at a fixed interval. A common example is the payment received by retirees from their pension plan. There are two main classes of annuities: annuities certain and contingent annuities. , banking and retirement products designed for individual, institutional and worksite customers that are distributed through Allstate agencies, independent agencies, financial institutions and broker-dealers. Customers can also access information about Allstate Financial Group products and services at myallstatefinancial.com. |
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