AUSTIN, Texas, Sept. 21, 2017 /PRNewswire/ -- Citizens,
Inc. (NYSE: CIA) today announced the passing of its founder, Mr.
Harold E. Riley, former Chairman and
Chief Executive Officer of the Company. He was 89 years
old. At the time of his passing, Mr. Riley was not a board
member or an executive officer of the Company.
Entrepreneur, motivator and visionary, Harold was the driving
force behind Citizens' international business model, and clearly,
without his vision, Citizens would not exist today. He has
personally left a generous legacy of giving to his community, his
church, Baylor University and
Southwestern Seminary, having gifted much of his wealth during his
lifetime.
"We are grateful for Harold's legacy, his commitment to Christ
and the work that he did in building such a great company,"
expressed Dr. Robert Sloan, Chairman
of Citizens Board of Directors. "Harold planned for a day
such as this, not only with his personal estate, but with the
Company he loved. Over several years, Harold took an active
role in developing our current CEO, Geoff
Kolander, and played a role in selecting all of the current
members of Citizens' Board of Directors," confirmed Dr. Sloan.
"Early this morning, Harold Riley
finished a life well lived," declared Geoff
Kolander, Citizens President and CEO. "Our thoughts
and prayers go out to the entire Riley family, as they mourn the
loss of a beloved husband, father of four children and seven times
a grandparent."
"Time is the most valuable asset we have, and Harold was
generous with his time, as he mentored me over the past eleven
years at lunches and long conversations in his office. To whom much
is given, much is expected and we will carry Mr. Riley's legacy
forward by continuing to build a great company," said Mr. Kolander
on behalf of the Company.
Citizens, Inc. is a financial services company listed on the New
York Stock Exchange under the symbol CIA. The Company utilizes a
three-pronged strategy for growth based upon worldwide sales of
U.S. Dollar-denominated whole life cash value insurance policies,
life insurance product sales in the U.S. and the acquisition of
other U.S.-based life insurance companies.
This press release may contain forward-looking statements as
defined in the U.S. federal securities laws, which can be
identified by words such as "may," "will," "expect," "anticipate"
or "continue" or comparable words. In addition, all
statements other than statements of historical facts that address
activities that the Company expects or anticipates will or may
occur in the future are forward-looking statements.
Forward-looking statements are subject to risks and uncertainties
that could cause actual results to differ materially from those
anticipated or implied by the forward-looking statements, including
the "Risk Factors" and similar disclosure described in Citizens'
Annual Report on Form 10-K for the year ended December 31, 2016, Quarterly Reports on Form 10-Q
and other periodic filings with the Securities and Exchange
Commission. You should not unduly rely on forward-looking
statements, which speak only as of the date they are made.
Citizens undertakes no duty or obligation to update or revise any
forward-looking statement as a result of new information, future
events or changes in the Company's expectations. The Company
also disclaims any duty to comment upon or correct information that
may be contained in reports published by the investment
community.
For further information contact:
Investor
Relations
PR@citizensinc.com
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SOURCE Citizens, Inc.