Aflac Announces Resignation of U.S. Marketing Officer
October 02 2007 - 2:04PM
PR Newswire (US)
COLUMBUS, Ga., Oct. 2 /PRNewswire-FirstCall/ -- Aflac today
announced that Jeffrey M. Herbert has resigned as senior vice
president and chief marketing officer of the company's U.S.
insurance operation. Herbert joined Aflac in October 2006 and cited
personal reasons for his departure from the company. (Logo:
http://www.newscom.com/cgi-bin/prnh/20041202/CLTH019LOGO )
Commenting on Herbert's resignation, Aflac president and chief
operating officer for Aflac U.S., Paul S. Amos II stated: "Although
Jeff's tenure with Aflac was short, we are appreciative of his
contributions to our company, and we wish him the best in his
future endeavors. "When we hired Jeff a year ago, we did so after
deciding to split the senior level responsibilities of marketing
and sales. We still believe that is an effective organization for
our business and to that end, we will begin an immediate search for
a replacement to work closely with our director of sales, Ron
Kirkland. Due in great part to Ron's effective leadership of our
sales force, I believe we are on track to achieve our sales targets
for the year, and I believe 2007 will be another record year for
Aflac U.S." 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. Our 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
seven consecutive years and in Fortune magazine's list of the 100
Best Companies to Work For in America for nine consecutive years.
Aflac has also been recognized three times by both Fortune
magazine's listing of the Top 50 Employers for Minorities and
Working Mother magazine's listing of the 100 Best Companies for
Working Mothers. 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 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," 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: 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. 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 CONTACT: Analyst and
investor contact, Kenneth S. Janke Jr., +1-800-235-2667 option 3,
Fax +1-706-324-6330, ; or Media contact, Laura Kane,
+1-706-596-3493, Fax +1-706-320-2288, , both of Aflac Web site:
http://www.aflac.com/
Copyright