Protective Announces Resignation of Allen W. Ritchie
September 11 2006 - 5:19PM
Business Wire
Protective Life Corporation (NYSE: PL) ("Protective") today
announced that Allen W. Ritchie has resigned his position as Senior
Executive Vice President and Head of Life Insurance Operations to
pursue other opportunities effective immediately. Mr. Ritchie will
remain with the Company for a brief transition period. John D.
Johns, Chairman, President and Chief Executive Officer of
Protective will assume direct responsibility of the Life Insurance
Operations. Mr. Johns was previously responsible for the Life
Insurance Operations prior to Mr. Ritchie's recent appointment.
"Over the last five years, Allen Ritchie has been a strong
contributor to our company and a good friend. We will miss working
with him and wish him and his family well in the future," said Mr.
Johns. The Company recently announced that the Chief Financial
Officer position will be filled by Gary Corsi effective September
25. Protective Life Corporation provides financial services through
the production, distribution and administration of insurance and
investment products throughout the United States. It has annual
revenues of approximately $2.0 billion and as of June 30, 2006 had
assets of approximately $29.1 billion.
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