NORTHBROOK, Ill., Dec. 20, 2017 /PRNewswire/ -- The Allstate
Corporation (NYSE: ALL) announced that Margaret M. Keane, 58, president and chief
executive officer of Synchrony Financial (NYSE: SYF), has been
elected to Allstate's board of directors, effective Jan. 1. As of that date, the Allstate board will
stand at 12 directors.
"Margaret is an accomplished leader with extensive financial
services expertise that strengthens the strategic and operational
capabilities of Allstate's board," said Tom
Wilson, chairman and chief executive officer. "She brings a
passion for innovation, customer focus and employee development
which will be invaluable as Allstate grows by connecting and
protecting consumers."
"I am honored to be joining a collaborative and respected team
of directors at a company recognized for best-in-class corporate
governance," said Keane. "I look forward to helping further shape
Allstate's growth strategy which, when supported by its exceptional
execution, will further improve shareholder value."
Keane has served as president and CEO of Synchrony Financial
since parent GE Capital launched it as a newly independent,
publicly traded company in July, 2014. Synchrony is one of the
nation's premier consumer financial services companies, delivering
customized financing programs through a diverse group of national,
regional and small businesses, as well as health and wellness
providers. Keane previously led the Retail Card platform at GE
Capital as president and CEO beginning in 2004, later expanding her
responsibilities to become president and CEO of GE's North American
retail finance business in 2011. She earned a bachelor's degree in
government and politics and an MBA in marketing from St. John's University in Queens, N.Y.
The Allstate Corporation (NYSE: ALL) is the nation's largest
publicly held personal lines insurer, protecting people from life's
uncertainties with 78 million proprietary policies. Allstate offers
a broad array of protection products through multiple brands and
diverse distribution channels, including auto, home, life and other
insurance offered through its Allstate, Esurance, Encompass and
Answer Financial brands. The company provides additional protection
products and services through Allstate Benefits, Allstate Roadside
Services, Allstate Dealer Services, Arity and SquareTrade. Allstate
is widely known from the slogan "You're In Good Hands With
Allstate®." Allstate agencies are in virtually every
local community in America. The Allstate Foundation, Allstate, its
employees and agency owners have a proud history of caring for
local communities.
Financial information, including material announcements about
The Allstate Corporation, is routinely posted on
www.allstateinvestors.com.
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SOURCE The Allstate Corporation