AFLAC Chief Financial Officer Named the Best Insurance/Life CFO in America by Institutional Investor
March 01 2004 - 5:00PM
PR Newswire (US)
AFLAC Chief Financial Officer Named the Best Insurance/Life CFO in
America by Institutional Investor COLUMBUS, Ga., March 1
/PRNewswire-FirstCall/ -- Kriss Cloninger III, President and Chief
Financial Officer of AFLAC Incorporated has been named theBest CFO
in the insurance/life category in America by Institutional Investor
magazine. Cloninger joined AFLAC in March 1992 as senior vice
president and chief financial officer. He was promoted to executive
vice president in 1993 and to president in May 2001, retaining the
title of CFO. Since joining AFLAC, he has had primary
responsibility for overseeing the financial management of all
company operations, including AFLAC U.S., AFLAC Japan, and
Communicorp. He is a Fellow of the Society of Actuaries and a
member of the American Academy of Actuaries. He holds bachelor's
and master's degrees in business administration from the University
of Texas at Austin. In addition to planning and overseeing the
financial performance of AFLAC's operating units, he also initiated
various programs at the corporate level to optimize shareholder
value. Those programs include AFLAC's share repurchase program, the
yen-debt-financing program, the capital hedging strategy, and the
profit repatriation strategy. Cloninger began working with AFLAC in
October 1977 while he was a consulting actuary with KPMG LLP in
Atlanta. At that time, he worked extensively with members of
AFLAC's financial and executive management group. More than 1,300
professionals at more than 400 firms responded to the survey,
Institutional Investor's first of U.S. chief financial officers.
The fund managers who voted represented some $4.2 trillion in
equity holdings. There are 62 industry sectors, with the CFOs
listed by sector and industry. They scored the highest when
Institutional Investor asked portfolio managers and sell-side
equity analysts to choose the three top-performing CFOs in their
domain. AFLAC Incorporated (NYSE:AFL) is an international holding
company. A Fortune 500 company, AFLAC insures more than 40 million
people worldwide. It is a leading writer of insurance products
marketed at the worksite in the United States, offering policies to
employees at more than 288,100 payroll accounts. The company
insures one out of four Japanese households and is the largest life
insurer in Japan in terms of individual policies in force. In March
2004, Fortune magazine included AFLAC in its annual listing of
"America's Most Admired Companies." In July 2003, Fortune named
AFLAC to its list of "America's 50 Best Companies for Minorities."
In January 2004, AFLAC was included in Fortune magazine's list of
"The 100 Best Companies to Work for" for the sixth consecutive
year. Also in January 2004, AFLAC was named to Forbes magazine's
"Platinum 400 List of Best Big Companies in America" for the fifth
consecutive year. AFLAC's Internet address is aflac.com . (Logo:
http://www.newscom.com/cgi-bin/prnh/20010525/AFLACLOGO )
http://www.newscom.com/cgi-bin/prnh/20010525/AFLACLOGO
http://photoarchive.ap.org/ DATASOURCE: AFLAC Incorporated CONTACT:
Media, Patsy J. Thomas, +1-706-317-6109, fax, +1-706-320-2288, or ,
or Analysts, Ken Janke Jr., Senior Vice President Investor
Relations, +1-800-235-2667 Option 3, or , both of AFLAC
Incorporated Web site: http://www.aflac.com/
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