Printer Friendly

JEFFERSON-PILOT SHAREHOLDERS COMMITTEE ENTHUSIASTIC ON NEW CEO, VOWS TO CONTINUE EFFORTS

 JEFFERSON-PILOT SHAREHOLDERS COMMITTEE
 ENTHUSIASTIC ON NEW CEO, VOWS TO CONTINUE EFFORTS
 CHARLOTTE, N.C., Aug. 11 /PRNewswire/ --Louise Price Parsons, chairman of the JP Shareholders Committee (JPSC), says she is "enthusiastic about today's long-awaited announcement" by Jefferson- Pilot Corporation (NYSE:JP) naming David Stonecipher as JP's new president and CEO effective March 1.
 "Mr. Stonecipher has a reputation for openness, being people- oriented and believing in team building," Ms. Parsons said. "He appears to be cut from the same mold as Julian Price, my grandfather and former CEO of the company."
 JPSC member Donald Parsons commented, "We are eager to meet Mr. Stonecipher personally. It is critical that he understand the opportunities that JP has before it now. We could all have been saved a great deal of disruption and expense had we been able to have a cooperative and constructive dialogue with JP management. We hope that with Mr. Stonecipher and C.D. Spangler, JP's new Board Vice Chairman, we will be able to settle our differences and work together for a better JP."
 "We are still very concerned that Roger Soles not have any continued involvement as a JP director or officer," added Louise Parsons. "This could provide an opportunity for him to continue his inappropriate and misguided domination of JP's board and management. We also don't understand why Soles won't step down until March 1, 1993 -- it must have something to do with him getting more money.
 "We will not rest until the process of change is complete," Louise Parsons added. "That means a new Board and a new management team that are both truly accountable to shareholders."
 -0- 8/11/92
 /CONTACT: Buck Lawrimore, Lawrimore Communications, 704-525-4775; David Sternstein and Peter Rosenthal, H.J. Rubenstein & Assocs., 212-489-6900/
 (JP) CO: Jefferson-Pilot Corporation; ST: North Carolina IN: INS TLS SU: PER


JZ -- CH007 -- 9169 08/11/92 17:43 EDT
COPYRIGHT 1992 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1992 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Aug 11, 1992
Words:312
Previous Article:NEW YORK STOCK EXCHANGE CLOSING, TUESDAY, AUG. 11 /PRN/
Next Article:LOUISVILLE GAS AND ELECTRIC COMPANY PLANS TO REDEEM $92 MILLION OF POLLUTION CONTROL REVENUE BONDS WITH PROCEEDS FROM TWO NEW BOND ISSUES
Topics:


Related Articles
JEFFERSON-PILOT NOMINATES SEVEN DIRECTORS FOR ELECTION AT ANNUAL MEETING; BOARD REJECTS SLATE PROPOSED BY LOUISE PARSONS
JEFFERSON PILOT SHAREHOLDERS OVERWHELMINGLY SUPPORT BOARD OF DIRECTORS; RATIFY STOCK GRANT PROGRAM BY NEARLY TWO-TO-ONE
FINAL JEFFERSON-PILOT PROXY TALLY SEEN AS VICTORY BY SHAREHOLDER GROUP
JEFFERSON-PILOT FILES MOTION TO DISMISS DERIVATIVE SUIT
JP SHAREHOLDERS GROUP BELIEVES RATIFICATION PROPOSAL REJECTED, VOWS TO CONTINUE TO FIGHT FOR CHANGE
JP SHAREHOLDER NOMINATES THREE CANDIDATES FOR BOARD
N.C. SUPREME COURT UPHOLDS JP SHAREHOLDER'S RIGHT OF INSPECTION
JEFFERSON-PILOT NAMES DENNIS R. GLASS CHIEF FINANCIAL OFFICER
JEFFERSON-PILOT NAMES INVESTMENTS HEAD
Stonecipher Continues as Chairman, Glass to Become CEO; Board Executive Committee Restructured.

Terms of use | Copyright © 2017 Farlex, Inc. | Feedback | For webmasters