Assurant (AIZ) Reinstates Robert B. Pollock as President/CEO
More News related to AIZ
- Assurant Appoints Lawrence V. Jackson to Board of Directors
- Assurant to Announce 2009 Second Quarter Results July 29, 2009 and Host Webcast Conference Call July 30
- Assurant Employee Benefits Adds New Voluntary Capabilities
- Assurant Finalizes 2009 Property Catastrophe Reinsurance Coverage
- Assurant (AIZ) Increases Quarterly Dividend
Assurant, Inc. (NYSE: AIZ) announces the reinstatement of Robert B. Pollock as president and chief executive officer, effective January 28, 2008, and J. Kerry Clayton, who has held those positions on an interim basis, will transition with Mr. Pollock and will remain in an emeritus status through the end of February. Because the Board concluded it is in the best interests of the Company and its shareholders, it is taking this action now rather than await the conclusion of the Securities and Exchange Commission's ("SEC's") investigation.
On July 17, 2007, Assurant announced that Mr. Pollock had been placed on administrative leave by the Company's Board of Directors after he received a "Wells notice" from the Staff of the SEC in connection with an ongoing industry investigation of certain finite reinsurance contracts. The Board's actions were based on the recommendation of its Special Committee, which thereafter conducted a thorough investigation of the events that had resulted in Mr. Pollock's receipt of the Wells notice.
Related Categories
Management ChangesStocks Mentioned
+4.65Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
