Bill Clement to Chair Board of Directors At Atlanta Life Insurance Company.Business Editors NOTE TO MEDIA: Photo & Logo are available in a Smart News Release(TM) on Business Wire's Home Page at www.businesswire.com and at www.newstream.com ATLANTA--(BUSINESS WIRE)--March 23, 2001 Fourth Generation Atlantan Has History of Service To Insurance Industry, Black Business Community The board of directors of Atlanta Life Insurance Company has named William A. "Bill" Clement, as chairman, effective April 1, 200l, it was announced today by Charles Cornelius, president and chief executive officer. Clement has served as vice chairman since 1996. He will replace Gregory Baranco, who was chairman for seven years. Under Baranco's leadership, Atlanta Life developed a strategic business model that Cornelius said created strong growth for the company and helped post net gains in income for the last five years. "When Mr. Baranco became chairman, we were a single source enterprise faced with making changes to become more competitive," Cornelius said. "Today, not only have we expanded our revenue sources but we are most profitable in those new arenas. Our incoming board chairman brings experience and knowledge of the insurance business that can only add value to our efforts." Clement said he is prepared to continue pushing forward with Atlanta Life's strategic goals, which include aggressive diversification of the company's financial services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. offerings. "In the future, we intend to generate significant fee income from several new sources," says Clement. "Our strategy will be to escalate what we began last year, particularly in the areas of competitive marketing of asset management services and group reinsurance The contract made between an insurance company and a third party to protect the insurance company from losses. The contract provides for the third party to pay for the loss sustained by the insurance company when the company makes a payment on the original contract. , as well as other profitable market niches. We've completed the planning and initial implementation stages. Now we can move into full execution mode of our new market push." Clement is chairman and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of DOBBS, RAM & Company, an Atlanta-based systems integration company. An outside director for Atlanta Life since 1992, Clement has chaired the board's investment committee for six years. He is also the former chairman and co-founding stockholder of The Clement Insurance Group, Inc., an insurance brokerage firm. Clement is a CLU (language) CLU - (CLUster) An object-oriented programming language developed at MIT by Liskov et al in 1974-1975. CLU is an object-oriented language of the Pascal family designed to support data abstraction, similar to Alphard. (chartered life underwriter) and a licensed insurance agent. Both his father and grandfather were insurance professionals. A native Atlantan and graduate of Morehouse College Morehouse College: see Atlanta Univ. Center. Morehouse College Private, historically black, men's liberal arts college in Atlanta, Ga. It was founded as the Augusta Institute, a seminary, in 1867 and renamed in 1913 in honour of Henry L. , Clement received his MBA MBA abbr. Master of Business Administration Noun 1. MBA - a master's degree in business Master in Business, Master in Business Administration from the Wharton Business School, University of Pennsylvania (body, education) University of Pennsylvania - The home of ENIAC and Machiavelli. http://upenn.edu/. Address: Philadelphia, PA, USA. . He is a trustee of the Maynard Jackson Maynard Holbrook Jackson, Jr. (March 23, 1938 – June 23, 2003) was an American politician, a member of the Democratic Party, and the first African American mayor of Atlanta, Georgia. Youth Foundation and a member of the boards of INROADS/Atlanta and the Metro Atlanta Chamber of Commerce. He is a member of the Atlanta Action Forum, and he is the former chairman of the board of the Atlanta Business League. "Atlanta Life Insurance Company will celebrate 100 years of business in four years," says Cornelius. "We are delighted to have had Mr. Baranco's leadership into the new millennium and to the crest of our second century. We look forward to our anniversary and to continuing a period of growth and diversification under the direction of Mr. Clement." Organized in Georgia in 1905 as the Atlanta Mutual Insurance Association under Alonzo Franklin Herndon, the company acquired stockholders in 1916. When it was capitalized again in 1922, Mr. Herndon acquired the entire new issue and formed Atlanta Life Insurance Company. Following the Depression years, the Years, The the seven decades of Eleanor Pargiter’s life. [Br. Lit.: Benét, 1109] See : Time Company grew at unprecedented rates, as it continued to meet the needs of African Americans nationwide. Today, Atlanta Life Insurance has a mission of building wealth for its clients and business partners. The company has assets approaching $200 million and operations in 17 states. Visit our web site www.atlantalife.com. Note: A Photo is available at URL URL in full Uniform Resource Locator Address of a resource on the Internet. The resource can be any type of file stored on a server, such as a Web page, a text file, a graphics file, or an application program. : http://www.businesswire.com/cgi-bin/photo.cgi?pw.032301/bb3 |
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