Conseco combines all marketing functions in new subsidiary; names Kilian as president, CEO of services company.CARMEL, Ind.--(BUSINESS WIRE)--June 11, 1996--Conseco, Inc. (NYSE NYSE See: New York Stock Exchange :CNC (Computerized Numerical Control) See numerical control. CNC - Collaborative Networked Communication ) today announced the formation of Conseco Distribution Systems, L.L.C. (CDS), a new direct subsidiary which will manage all marketing and sales activities in the company's multiple distribution channels. Donald F. Gongaware, 60, Conseco's executive vice president and chief operations officer, will also serve as the president and chief executive officer of CDS. Conseco today also named Thomas J. Kilian as president of Conseco Services, L.L.C., a Conseco subsidiary formed earlier in 1996 which provides all administrative and data processing data processing or information processing, operations (e.g., handling, merging, sorting, and computing) performed upon data in accordance with strictly defined procedures, such as recording and summarizing the financial transactions of a services to Conseco's life insurance companies. Kilian, 45, joined Conseco in 1989 and served previously as senior vice president, data processing. In his new post, Kilian will continue to report to Gongaware. Conseco Services encompasses insurance operations, data processing, human resources The fancy word for "people." The human resources department within an organization, years ago known as the "personnel department," manages the administrative aspects of the employees. , facilities management The management of a user's computer installation by an outside organization. All operations including systems, programming and the datacenter can be performed by the facilities management organization on the user's premises. and certain agent/policyholder accounting functions. "Our pending merger with Life Partners Group, Inc. (NYSE:LPG LPG: see liquefied petroleum gas. 1. LPG - Linguaggio Procedure Grafiche (Italian for "Graphical Procedures Language"). dott. Gabriele Selmi. Roughly a cross between Fortran and APL, with graphical-oriented extensions and several peculiarities. ) will expand our portfolio of insurance products and further diversify our distribution system," said Conseco Chairman Stephen C. Hilbert. "Our new structure will ensure that we take full advantage of the many opportunities we see to cross-sell products manufactured by our individual life companies across our multiple distribution channels. In addition, this structure will facilitate the significant growth we anticipate in future years, allowing us to more efficiently manage our current companies while serving as a pattern for the companies we will acquire. It will also allow us to continue providing the high level of service our agents and policyholders expect. Tomorrow's winners in the life insurance business will be the companies having strong distribution systems, diversified products, disciplined expense management capability and a customer-focused operating philosophy. We believe Conseco is just such a company, and we'll continue to develop those strengths in order to build value for our shareholders." Conseco, a 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. organization headquartered in Carmel, Ind., owns and operates life insurance companies and provides investment management, administrative and other fee-based services. For more information Investor Hotline - Call (800) 4-CONSECO (in Indianapolis: 817-6777) to receive annual reports, 10-Ks, 10-Qs and other lengthy documents by mail, to be placed on our permanent mailing list, to hear prerecorded pre·re·cord tr.v. pre·re·cord·ed, pre·re·cord·ing, pre·re·cords To record (a television program, for example) at an earlier time for later presentation or use. Adj. 1. messages on a number of topics, including daily stock trading, news releases and financial results, or to speak with an investor relations Investor relations The process by which the corporation communicates with its investors. representative. Fax-on-Demand - Call (800) 344-6452 for a menu of Conseco news releases and other investor publications you can receive free via Fax. World Wide Web - Visit Conseco's site on the Internet's World Wide Web--http://www.conseco.com--to view corporate news and financial data, information about Conseco's people, products and services, and facts about Conseco employment opportunities and benefits. E-Mail - Contact us at ir@conseco.com to ask questions or request materials. CONTACT: Conseco Inc., Carmel Jim Rosensteele, 317/817-2893 |
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