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Aflac Announces Changes In Management Responsibilities

Stocks in this article: AFL

COLUMBUS, Ga., May 22, 2013 /PRNewswire/ -- Aflac today announced a number of changes in management roles and responsibilities designed to enhance its global management structure.  The moves are effective July 1.

Paul S. Amos II, Aflac president, will assume reporting responsibilities for Aflac Japan and Aflac's Global Investment Division. He will work closely with Aflac Japan President and Chief Operating Officer Tohru Tonoike and the Aflac Japan management team to continue to position Aflac as the number one insurance company in Japan in terms of individual policies in force. Similarly, he will work closely with Eric M. Kirsch, executive vice president of Global Investments, to build and manage a best-in-class investment division. Amos will continue to report to Aflac Incorporated President and Chief Financial Officer Kriss Cloninger III.

Kenneth S. Janke Jr. has been named president of Aflac U.S. In addition, Janke will continue to serve as executive vice president and deputy chief financial officer of Aflac Incorporated. In his new role as president of Aflac U.S., Janke will report to Aflac Incorporated Chairman and CEO Daniel P. Amos. He will report to Cloninger in his role as deputy CFO.

Teresa L. White, executive vice president, chief service officer, has been named chief operating officer of Aflac's operations in Columbus, Ga.  The company is also in the final stages of selecting a chief operating officer of its Aflac Group division in Columbia, S.C. Both positions will report to Janke.

"Paul has successfully led Aflac U.S. for more than eight years and he has earned this opportunity," said Cloninger. "Under his leadership, Aflac U.S. has produced annual compound growth in pretax operating earnings of 9.1% since 2004. This year our U.S. business is poised to hit major milestones, surpassing $5 billion in earned premium and $1 billion in pretax earnings. With Dan and I committed to several more years in our existing roles, it's an opportune time to expand Paul's responsibilities. We look forward to the contributions that he will make working both with Aflac Japan – which generates more than 75 percent of our earnings – and with our global investment division."

Regarding Janke, Dan Amos said: "Ken has done an outstanding job of working with Kriss as deputy CFO since September 2010. Ken will benefit by being more thoroughly exposed to the U.S. operations, while he also continues in his role as deputy CFO. As such, Ken will continue to focus on such topics as capital adequacy and capital management and will continue to work closely with the financial reporting area."

Regarding White, Dan Amos said: "Teresa is an outstanding leader and manager. She is respected as a top professional, both internally and externally. In addition, she has a strong commitment to customer service when it comes to serving our policyholders, shareholders and sales force. We look for Teresa's history of excellence to continue in her new and expanded role."

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