NORTHBROOK, Ill., March 19 /PRNewswire-FirstCall/ -- Allstate announced
today that senior vice president & chief financial officer John Carl has
announced his intention, as a result of health related concerns, to retire
from the company by the end of the second quarter.
Carl was appointed to his current position at Allstate in early 1999. He
joined Allstate from the Amoco Corporation, where he had been executive vice
president and chief financial officer since 1994.
"John has made a major contribution to The Allstate Corporation during his
time here," said Allstate chairman, president and CEO Edward M. Liddy. "He
brought to the company a wealth of financial experience gained across a wide
range of corporations and industries, and his broad perspective and
shareholder value orientation helped guide our growth strategies over the last
three years. A successor will be named at a later date, and John will, of
course, assist in an orderly transition."
The Allstate Corporation (NYSE: ALL) is the nation's largest publicly held
personal lines insurer. Widely known through the "You're In Good Hands With
Allstate(R)" slogan, Allstate provides insurance products to more than 14
million households and has approximately 13,000 exclusive agents in the U.S.
and Canada. Customers can access Allstate products and services through
Allstate agents, or in select states at allstate.com and 1-800-Allstate.
Encompass(SM) and Deerbrook(R) Insurance brand property and casualty products
are sold exclusively through independent agents. Allstate Financial Group
includes the businesses that provide life insurance, retirement and investment
products, through Allstate agents, workplace marketing, independent agents,
banks and securities firms.
SOURCE Allstate Corporation
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CONTACT:
Mary Alice Horstman, or Mike Trevino, both of
Allstate Corporation, +1-847-402-5600
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