Aflac Promotes Paul S. Amos II to Aflac President
January 02 2007 - 12:28PM
PR Newswire (US)
COLUMBUS, Ga., Jan. 2 /PRNewswire-FirstCall/ -- Aflac Incorporated
(NYSE:AFL) announced today that Paul S. Amos II has been promoted
to president of Aflac. Aflac, which operates in Japan and the
United States, is the principal subsidiary of Aflac Incorporated.
Amos will also continue in his capacity as chief operating officer
of Aflac U.S. and will concentrate his efforts on Aflac's U.S.
operations. Amos joined Aflac in 2002 as state sales coordinator
for its Georgia North sales territory. During his time with Aflac's
sales force, Georgia North became the company's number one
territory in terms of new annualized premium sales. Amos joined
Aflac's headquarters in 2004 as executive vice president of Aflac
U.S. Through his direction, the company successfully launched a new
branding initiative in 2005 to increase consumers' understanding of
Aflac products. He also restructured Aflac's training department
and streamlined other sales support and administrative functions to
better support the activities of Aflac's sales force. In February
2006, he was named chief operating officer of Aflac U.S. Amos
received a bachelor's degree in economics from Duke University and
a master's of business administration from Emory University. He
also earned a juris doctor degree from Tulane University. Prior to
joining Aflac, he worked in the corporate legal division of the
legal firm Skadden, Arps, Slate, Meagher and Flom in Washington,
D.C. Commenting on the announcement, President and Chief Financial
Officer of Aflac Incorporated Kriss Cloninger said: "In addition to
Paul's knowledge and experience in marketing and sales, he has an
exceptional understanding of the administrative side of Aflac's
business. His drive, energy and leadership have greatly contributed
to Aflac's U.S. operations. When we release our results for 2006 at
the end of this month, we think everyone will agree that Aflac U.S.
had a great year in virtually every facet of its business. And for
that, Paul and the management team he has assembled are to be
congratulated. Under his leadership, I believe Aflac U.S. will
continue to generate strong sales and operating results." For more
than 50 years, Aflac products have given policyholders the
opportunity to direct cash where it is needed most when a
life-interrupting medical event causes financial challenges. Aflac
is the number one provider of guaranteed-renewable insurance in the
United States and the number one insurance company in terms of
individual insurance policies in force in Japan. Aflac's insurance
products provide protection to more than 40 million people
worldwide. Aflac has been included in Fortune magazine's listing of
America's Most Admired Companies for six consecutive years. In
January 2006, Aflac was included in Fortune magazine's list of the
100 Best Companies to Work For in America for the eighth
consecutive year. Aflac was also included in Fortune magazine's
list of the Top 50 Employers for Minorities in August 2005, and in
September 2005, Aflac Japan was named the Life Insurance Company of
the Year at the Asia Insurance Industry Awards, sponsored by the
Asia Insurance Review. Aflac Incorporated is a Fortune 500 company
listed on the New York Stock Exchange under the symbol AFL. To find
out more about Aflac, visit aflac.com. 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 document
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 oral discussions 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," 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
in our reports filed with the SEC, could cause actual results to
differ materially from those contemplated by the forward-looking
statements: legislative and regulatory developments; assessments
for insurance company insolvencies; competitive conditions in the
United States and Japan; new product development and customer
response to new products and new marketing initiatives; ability to
attract and retain qualified sales associates; ability to
repatriate profits from Japan; changes in U.S. and/or Japanese tax
laws or accounting requirements; credit and other risks associated
with Aflac's investment activities; significant changes in
investment yield rates; fluctuations in foreign currency exchange
rates; deviations in actual experience from pricing and reserving
assumptions including, but not limited to, morbidity, mortality,
persistency, expenses, and investment yields; level and outcome of
litigation; downgrades in the company's credit rating; changes in
rating agency policies or practices; subsidiary's ability to pay
dividends to parent company; ineffectiveness of hedging strategies
used to minimize the exposure of our shareholders' equity to
foreign currency translation fluctuations; catastrophic events; and
general economic conditions in the United States and Japan. (Logo:
http://www.newscom.com/cgi-bin/prnh/20041202/CLTH019LOGO ) Analyst
and investor contact - Kenneth S. Janke Jr., 800.235.2667 - option
3, FAX: 706.324.6330, or Media contact - Laura Kane, 706.596.3493,
FAX: 706.320.2288, or
http://www.newscom.com/cgi-bin/prnh/20041202/CLTH019LOGO
http://photoarchive.ap.org/ DATASOURCE: Aflac Incorporated CONTACT:
Analyst and investor contact, Kenneth S. Janke Jr.,
+1-800-235-2667, option 3, FAX, +1-706-324-6330, or , or Media
contact, Laura Kane, +1-706-596-3493, FAX, +1-706-320-2288, or ,
both of Aflac Web site: http://www.aflac.com/
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