COLUMBUS, Ga., April 25, 2017 /PRNewswire/ -- Aflac
Incorporated (NYSE: AFL) announced today that Masatoshi Koide, who currently serves as deputy
president of Aflac Japan, will be promoted to president and chief
operating officer of Aflac Japan. Hiroshi
Yamauchi, who currently serves as president and chief
operating officer of Aflac Japan, will assume the role of vice
chairman of Aflac Japan. These changes will become effective
July 1, 2017.
Koide originally joined Aflac in 1998 and remained with the
company until March 2006, after which
time he worked for Nikko Asset Management. He rejoined Aflac again
in 2008 as vice president, was promoted to senior vice president in
2012 and to first senior vice president in 2013. In 2015, he was
promoted to executive vice president, Planning, Government Affairs
& Research, Corporate Communications, Legal, Risk Management,
Investment, Compliance, Customer Services, and General Affairs, and
in 2016 he was promoted to deputy president of Aflac Japan. He
earned his bachelor's degree from Tokyo
University and his LL.M. degree from Cornell Law School, and he is a member of the
New York State Bar.
Yamauchi joined Aflac Japan in 1976 in the Actuarial Department,
where he served in positions of increasing responsibility and
subsequently advanced through the ranks of various other
operational areas. He was promoted to vice president in 1999, to
first senior vice president in 2002 and to the additional role of
chief administrative officer from 2005 to 2009. He assumed the role
of executive vice president in 2012, with oversight
responsibilities for Planning, Government Affairs & Research,
Legal, Corporate Communications, Human Resources and IT, and was
promoted to president and chief operating officer of Aflac Japan in
2015.
Commenting on the announcement, Aflac Chairman and Chief
Executive Officer Daniel P. Amos
said: "In his 41 years with Aflac, Yamauchi-san has contributed
greatly to our company in so many ways, including his leadership
and dedication to enhancing our framework for creating products and
the customer-driven service we provide. He has enhanced vital
aspects of our company with his results-oriented approach, enabling
us to deliver on our promises to our policyholders. We will
appreciate his support of Aflac Japan from a broader perspective.
At the same time, I know Koide-san will continue to do an
exceptional job in his new role. He has demonstrated dedicated and
effective leadership. I am thrilled to have the opportunity to work
even more closely with him as we advance Aflac's ability to reach
more and more Japanese citizens throughout Japan."
About Aflac
When a policyholder gets sick or hurt,
Aflac pays cash benefits fast. For six decades, Aflac insurance
policies have given policyholders the opportunity to focus on
recovery, not financial stress. In the
United States, Aflac is the leading provider of voluntary
insurance at the worksite. Through its trailblazing One Day
PaySM initiative, Aflac U.S. can receive, process,
approve and disburse payment for eligible claims in one business
day. In Japan, Aflac is the
leading provider of medical and cancer insurance and insures 1 in 4
households. Aflac individual and group insurance products help
provide protection to more than 50 million people worldwide. For 11
consecutive years, Aflac has been recognized by Ethisphere as one
of the World's Most Ethical Companies. In 2017, Fortune magazine
recognized Aflac as one of the 100 Best Companies to Work For in
America for the 19th consecutive year and included Aflac on its
list of Most Admired Companies for the 16th time. In 2015, Aflac's
contact centers were recognized by J.D. Power by providing "An
Outstanding Customer Service Experience" for the Live Phone
Channel. Aflac Incorporated is a Fortune 500 company listed on the
New York Stock Exchange under the symbol AFL. To find out more
about Aflac and One Day Pay℠, visit aflac.com or
espanol.aflac.com.
Forward-Looking Information
The Private Securities
Litigation Reform Act of 1995 provides a "safe harbor" to encourage
companies to provide prospective information, so long as those
informational statements are identified as forward-looking and are
accompanied by meaningful cautionary statements identifying
important factors that could cause actual results to differ
materially from those included in the forward-looking statements.
We desire to take advantage of these provisions. This report
contains cautionary statements identifying important factors that
could cause actual results to differ materially from those
projected herein, and in any other statements made by Company
officials in communications with the financial community and
contained in documents filed with the Securities and Exchange
Commission (SEC).
Forward-looking statements are not based on historical
information and relate to future operations, strategies, financial
results or other developments. Furthermore, forward-looking
information is subject to numerous assumptions, risks and
uncertainties. In particular, statements containing words such as
"expect," "anticipate," "believe," "goal," "objective," "may,"
"should," "estimate," "intends," "projects," "will," "assumes,"
"potential," "target", "outlook" or similar words as well as
specific projections of future results, generally qualify as
forward-looking. Aflac undertakes no obligation to update such
forward-looking statements. We caution readers that the following
factors, in addition to other factors mentioned from time to time,
could cause actual results to differ materially from those
contemplated by the forward-looking statements: difficult
conditions in global capital markets and the economy; exposure to
significant interest rate risk; concentration of business in
Japan; foreign currency fluctuations in the yen/dollar
exchange rate; risks relating to the conversion of the Japan branch to a subsidiary; limited
availability of acceptable yen-denominated investments; deviations
in actual experience from pricing and reserving assumptions;
ability to continue to develop and implement improvements in
information technology systems; governmental actions for the
purpose of stabilizing the financial markets; interruption in
telecommunication, information technology and other operational
systems, or a failure to maintain the security, confidentiality or
privacy of sensitive data residing on such systems; ongoing changes
in our industry; failure to comply with restrictions on patient
privacy and information security; extensive regulation and changes
in law or regulation by governmental authorities; defaults and
credit downgrades of securities in our investment portfolio;
ability to attract and retain qualified sales associates and
employees; decline in creditworthiness of other financial
institutions; subsidiaries' ability to pay dividends to Aflac
Incorporated; decreases in our financial strength or debt
ratings; inherent limitations to risk management policies and
procedures; concentration of our investments in any particular
single-issuer or sector; differing judgments applied to
investment valuations; ability to effectively manage key executive
succession; significant valuation judgments in determination of
amount of impairments taken on our investments; catastrophic events
including, but not necessarily limited to, epidemics, pandemics,
tornadoes, hurricanes, earthquakes, tsunamis, acts of terrorism and
damage incidental to such events; changes in U.S. and/or Japanese
accounting standards; loss of consumer trust resulting from events
external to our operations; credit and other risks associated with
Aflac's investment in perpetual securities; increased expenses and
reduced profitability resulting from changes in assumptions for
pension and other postretirement benefit plans; level and outcome
of litigation; and failure of internal controls or corporate
governance policies and procedures.
Analyst and investor contact – David A.
Young, 706.596.3264 or 800.235.2667; FAX: 706.324.6330 or
dyoung@aflac.com
Media contact – Catherine H.
Blades, 706.596.3014; FAX: 706.320.2288 or
cblades@aflac.com
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SOURCE Aflac Incorporated