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KEMPER CORP. ANNOUNCES SEVERAL KEY MANAGEMENT CHANGES AS PART OF ONGOING POSITIONING STRATEGY

 LONG GROVE, Ill., Nov. 17 /PRNewswire/ -- Kemper Corp. (NYSE: KEM) today announced that its board of directors approved several key management changes, reflecting the company's strategy of positioning its core asset management, life insurance and securities brokerage businesses in a manner to clearly differentiate Kemper in the marketplace.
 The changes include the promotions of James R. Boris to executive vice president, sales and distribution, Robert T. Jackson to executive vice president, information and customer service, and John B. Scott to executive vice president, life and annuities. This group joins David B. Mathis, chairman and chief executive officer, Stephen B. Timbers, president and chief operating officer, Charles M. Kierscht, executive vice president, asset management, and John H. Fitzpatrick, executive vice president and chief financial officer, to form Kemper Corp.'s operating management committee.
 "With the divestitures of our nonstrategic business nearly complete, we are positioning our organization for stronger customer relationships, improved products and services, sharper brand identity in the marketplace and increased productivity," Mathis said. "These individuals, along with the rest of our senior management team, have the expertise and leadership ability to meet the challenges of a changing financial services industry."
 Boris will be responsible for the distribution of the full range of Kemper's investment and insurance products. Boris began his career at Kemper in 1989 as chairman and chief executive officer of INVEST Financial Corp. In 1990, he assumed the title of chairman, president and chief executive officer of Kemper Securities, Inc. He will continue as chairman and chief executive officer.
 Jackson will oversee all information and systems activities as well as all customer and dealer services. Jackson joined the Kemper organization in 1969. He served in various management positions throughout the organization. In 1990, Jackson was appointed senior vice president of Kemper Financial Companies, Inc., and in 1991 he was elected senior vice president of Kemper Corp.
 In addition to overseeing Kemper's life insurance operations, Scott will assume broader operating responsibilities throughout the company. Scott joined the Kemper organization in 1967. He held various management positions in the life insurance segment until 1988, when he was elected chairman and chief executive officer of Federal Kemper Life Assurance Company and Fidelity Life Association. In 1992, Scott was also named chairman and chief executive officer of Kemper Investors Life Insurance Company, a move that brought Kemper's life insurance companies under common management.
 In addition, the board approved the following appointments:
 Stephen G. McConahey will be elected president and chief operating officer of Kemper Securities. McConahey joined Kemper from Boettcher & Company in 1985, when the securities brokerage firm, of which he was chairman and chief executive officer, was acquired by Kemper Corp. In 1990, he was elected executive vice president of Kemper Financial Services and senior vice president, corporate and international development, of Kemper Corp.
 Sandy A. Lincoln, who is chief investment officer and senior executive vice president of Kemper Financial Services and senior vice president of Kemper Corp., assumes the additional title of chief investment officer of Kemper Corp. He joined Kemper in 1989 as president of Kemper Asset Management Company and served in that capacity until 1991 when he was named chairman and chief executive officer of Kemper Financial Services' Institutional Holdings Group.
 John E. Neal was elected senior vice president of real estate. Neal joined Kemper Financial Services in 1992 as executive vice president for real estate investments. Previously, he was with Continental Bank Corp., where he served as executive vice president of the real estate group.
 These three individuals will be a part of Kemper Corp.'s senior management committee. The committee also includes the members of Kemper's operating management committee as well as Kathleen A. Gallichio, senior vice president, general counsel and corporate secretary, and Alan J. Baltz, senior vice president, administration.
 The board also approved the following appointments: Sharon Quay to vice president of human resources and Arthur J. McGivern to senior vice president and corporate counsel.
 Quay, currently senior vice president of human resources of Kemper Securities, will be responsible for directing the day-to-day human resources function throughout the entire organization. She joined Kemper from Boettcher in 1985.
 McGivern, currently the senior executive vice president, general counsel and secretary of Kemper Securities, will assume a broader role in the legal function for the entire organization. He joined Kemper in 1991.
 The management changes announced today will be effective Jan. 1, 1994.
 Kemper Corp. is a nonoperating holding company with principal subsidiaries in asset management, life insurance and securities brokerage.
 -0- 11/17/93
 /CONTACT: Janice Kalmar, 708-320-4465, or Ira Nathanson, 312-499-8831, both of Kemper Corp. Communications Department/
 (KEM)


CO: Kemper Corp. ST: Illinois IN: FIN INS SU: PER

WB-JG -- NY095 -- 5658 11/17/93 16:15 EST
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Publication:PR Newswire
Date:Nov 17, 1993
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