Michele Coleman Mayes Leaves Assurant Board of Directors Due to Her New Position with Allstate
November 12 2007 - 4:15PM
PR Newswire (US)
NEW YORK, Nov. 12 /PRNewswire-FirstCall/ -- Assurant, Inc.
("Assurant") (NYSE:AIZ), a premier provider of specialty insurance
and insurance-related products and services, announced today that
Michele Coleman Mayes has stepped down from the company's board of
directors effective today. Ms. Mayes informed Assurant that due to
her recent appointment to the position of vice president and
general counsel at The Allstate Corporation (NYSE:ALL) and the
potential for a future actual or perceived conflict of interest,
she would no longer be able to serve on the company's board. J.
Kerry Clayton, Assurant's interim president and chief executive
officer, said: "We congratulate Michele on her new role with
Allstate and thank her for the enormous contributions she has made
over the past three years as a member of our board of directors.
Michele was the first new director to join our board after we went
public. She has been a great director and we wish her all the best
in her new career." The company's board of directors intends to
initiate a search for an independent director to fill the seat
vacated by Ms. Mayes. Assurant is a premier provider of specialized
insurance products and related services in North America and
selected international markets. Its four key businesses -- Assurant
Solutions; Assurant Specialty Property; Assurant Health; and
Assurant Employee Benefits -- have partnered with clients who are
leaders in their industries and have built leadership positions in
a number of specialty insurance market segments worldwide.
Assurant, a Fortune 500 company and a member of the S&P 500, is
traded on the New York Stock Exchange under the symbol AIZ.
Assurant has over $25 billion in assets and $7 billion in annual
revenue. http://www.assurant.com/ DATASOURCE: Assurant, Inc.
CONTACT: Drew Guthrie, Manager of Communications and Media
Relations, +1-212-859-7002, Fax: +1-212-859-5893, ; Investors:
Melissa Kivett, Vice President of Investor Relations,
+1-212-859-7029, Fax: +1-212-859-5893, , or John Egan, Vice
President of Investor Relations, +1-212-859-7197, Fax:
+1-212-859-5893, Web site: http://www.assurant.com/
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