Aflac Promotes Teresa L. White to President, Aflac U.S.; Expands Management Responsibilities of Deputy CFO Kenneth S. Janke

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Sep 29, 2014, 04:10 ET

COLUMBUS, Ga., Sept. 29, 2014 /PRNewswire/ -- Aflac today announced changes for two key executives as part of its ongoing U.S. Operations strategy.

Effective immediately, Teresa L. White is being named president, Aflac U.S., which includes responsibility for Aflac Group operations in Columbia, S.C. White will continue to report to Kenneth S. Janke, deputy chief financial officer; executive vice president of Aflac Incorporated. Janke, formerly president of Aflac U.S., is returning full time to the deputy CFO role, assuming additional responsibilities to include the financial reporting and actuarial functions. He is also responsible for the Company's strategy function and continues to report to Kriss Cloninger III.

"Our realignment in 2013 has successfully accomplished what it was designed to do, which was in part to grow our leadership bench, and that coupled with Ken and Teresa's outstanding performance is why we are able to make these announcements today. I am pleased with what Ken has accomplished while serving as both deputy chief financial officer and president of U.S. operations in terms of his development into an operational CFO candidate, and while we fully expect Kriss to be with us for several years, having Ken focus on these additional areas of responsibility will only make us stronger going forward," said Dan Amos, chief executive officer.

Regarding White, Amos said, "Teresa has performed exceptionally well as chief operating officer and continues to be respected as a top professional, both internally and externally. Teresa has an outstanding track record for serving our policyholders, employees, agents and shareholders. She is ideally suited to lead U.S. Operations."

About Aflac

When a policyholder gets sick or hurt, Aflac pays cash benefits fast. For nearly six decades, Aflac insurance policies have given policyholders the opportunity to focus on recovery, not financial stress. In the United States, Aflac is the leading provider of voluntary insurance at the worksite. In Japan, Aflac is the number one life insurance company in terms of individual policies in force. Aflac individual and group insurance products help provide protection to more than 50 million people worldwide. For eight consecutive years, Aflac has been recognized by Ethisphere magazine as one of the World's Most Ethical Companies. In 2014, FORTUNE magazine recognized Aflac as one of the 100 Best Companies to Work For in America for the 16th consecutive year. Also, in 2014, FORTUNE magazine included Aflac on its list of Most Admired Companies for the 13th time, ranking the company number one in the life and health insurance category. Aflac Incorporated is a FORTUNE 500 company listed on the New York Stock Exchange under the symbol AFL. To find out more about Aflac, visit aflac.com or espanol.aflac.com.

Forward-Looking Information

The Private Securities Litigation Reform Act of 1995 provides a "safe harbor" to encourage companies to provide prospective information, so long as those informational statements are identified as forward-looking and are accompanied by meaningful cautionary statements identifying important factors that could cause actual results to differ materially from those included in the forward-looking statements. We desire to take advantage of these provisions. This document contains cautionary statements identifying important factors that could cause actual results to differ materially from those projected herein, and in any other statements made by company officials in communications with the financial community and contained in documents filed with the Securities and Exchange Commission (SEC).

Forward-looking statements are not based on historical information and relate to future operations, strategies, financial results or other developments. Furthermore, forward-looking information is subject to numerous assumptions, risks and uncertainties. In particular, statements containing words such as "expect," "anticipate," "believe," "goal," "objective," "may," "should," "estimate," "intends," "projects," "will," "assumes," "potential," "target" or similar words as well as specific projections of future results, generally qualify as forward-looking. Aflac undertakes no obligation to update such forward-looking statements. We caution readers that the following factors, in addition to other factors mentioned from time to time, could cause actual results to differ materially from those contemplated by the forward-looking statements: difficult conditions in global capital markets and the economy; governmental actions for the purpose of stabilizing the financial markets; defaults and credit downgrades of securities in our investment portfolio; exposure to significant financial and capital markets risk; fluctuations in foreign currency exchange rates; significant changes in investment yield rates; credit and other risks associated with Aflac's investment in perpetual securities; differing judgments applied to investment valuations; significant valuation judgments in determination of amount of impairments taken on our investments; limited availability of acceptable yen-denominated investments; concentration of our investments in any particular single-issuer or sector concentration of business in Japan; decline in creditworthiness of other financial institutions; deviations in actual experience from pricing and reserving assumptions; subsidiaries' ability to pay dividends to Aflac Incorporated; changes in law or regulation by governmental authorities; ability to attract and retain qualified sales associates and employees; decreases in our financial strength or debt ratings; ability to continue to develop and implement improvements in information technology systems; interruption in telecommunication, information technology and other operational systems, or a failure to maintain the security, confidentiality or privacy of sensitive data residing on such systems; changes in U.S. and/or Japanese accounting standards; failure to comply with restrictions on patient privacy and information security; inability to recognize tax benefits associated with capital loss carryforwards; level and outcome of litigation; ability to effectively manage key executive succession; catastrophic events including, but not necessarily limited to, epidemics, pandemics, tornadoes, hurricanes, earthquakes, tsunamis, acts of terrorism and damage incidental to such events; ongoing changes in our industry; events that damage our reputation; and failure of internal controls or corporate governance policies and procedures.

Media contact – Jon Sullivan, 706.763.4813, FAX: 706.320.2288, or [email protected]
Analyst and investor contact – Robin Y. Wilkey, 706.596.3264 or 800.235.2667; FAX: 706.324.6330, or [email protected]

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SOURCE Aflac