Pamela H. Godwin and Gloria Cordes Larson Join Board
CHATTANOOGA, Tenn., Nov. 29 /PRNewswire-FirstCall/ -- UnumProvident
Corporation (NYSE: UNM) today announced that following a search undertaken by
its Governance Committee, the Company's Board of Directors has elected Pamela
H. Godwin and Gloria Cordes Larson to the Board of Directors of UnumProvident.
(Logo: http://www.newscom.com/cgi-bin/prnh/20030929/CHM022LOGO-a )
With the election of these individuals, UnumProvident has added five
directors to its Board since Aug. 1, 2004. The Company's Board now has 13
directors.
Ms. Godwin has been president of Change Partners, Inc., a consulting firm
specializing in organizational change and growth initiatives, since 2001. From
1999 to 2001, she was president and chief operating officer of the personal
lines agency division of GMAC Insurance. Previously, she was senior vice
president of customer management for the credit card division of Advanta
Corporation and president and chief operating officer of Academy Insurance
Group, a unit of Providian Corporation. From 1974 to 1988, she held a number
of executive positions within Colonial Penn Group, Inc., including senior vice
president of property/casualty claims. Ms. Godwin is a chartered
property/casualty underwriter and holds a bachelor's degree from Pennsylvania
State University.
Ms. Larson is currently co-chairperson of the governmental practices group
for Foley Hoag LLP in Boston. Prior to joining Foley Hoag, she was secretary
of economic affairs for the Commonwealth of Massachusetts from 1993 to 1996
and secretary of consumer affairs and business regulation from 1991 to 1993.
Before joining the Commonwealth of Massachusetts, she was deputy director of
consumer protection for the Federal Trade Commission and an attorney in
private practice. Ms. Larson graduated from Vassar College and earned her law
degree at the University of Virginia. She is a member of the board of
directors of KeySpan Corporation and RSA Security.
"Pamela and Gloria are both outstanding and respected leaders, and we are
very fortunate to have them join the UnumProvident Board of Directors," said
Thomas R. Watjen, president and chief executive officer. "With the addition of
these two individuals, our Board gains valuable insurance industry and
regulatory insight, while strengthening its capabilities in the area of
corporate governance. I am very confident that they will make significant
contributions toward the future success of UnumProvident."
About UnumProvident
UnumProvident is the largest provider of group and individual disability
income protection insurance in North America. Through its subsidiaries,
UnumProvident Corporation insures more than 25 million people and paid
$5.7 billion in total benefits to customers in 2003. With primary offices in
Chattanooga, Tenn., and Portland, Maine, the company employs approximately
12,500 people worldwide. For more information,
visit http://www.unumprovident.com .
Safe Harbor agreement
A "safe harbor" is provided for "forward-looking statements" under the
Private Securities Litigation Reform Act of 1995. Statements in this press
release, which are not historical facts, are forward-looking statements that
involve risks and uncertainties that could cause actual results to differ
materially from those contained in the forward-looking statements. These
risks and uncertainties include such general matters as general economic or
business conditions; events or consequences relating to terrorism and acts of
war; competitive factors, including pricing pressures; legislative,
regulatory, or tax changes; and the interest rate environment. More
specifically, they include fluctuations in insurance reserve liabilities,
projected new sales and renewals, persistency rates, incidence and recovery
rates, pricing and underwriting projections and experience, retained risks in
reinsurance operations, availability and cost of reinsurance, level and
results of litigation, rating agency actions, regulatory actions, negative
media attention, the level of pension benefit costs and funding, investment
results, including credit deterioration of investments, and effectiveness of
product and customer support. For further information of risks and
uncertainties that could affect actual results, see the sections entitled
"Cautionary Statement Regarding Forward-Looking Statements" and "Risk Factors"
in the Company's Form 10-K for the fiscal year ended December 31, 2003 and
subsequently filed Form 10-Qs. The forward-looking statements are being made
as of the date of this press release and the Company expressly disclaims any
obligation to update any forward-looking statement contained herein.
SOURCE UnumProvident Corporation
-0- 11/29/2004
/CONTACT: Jim Sabourin, Vice President, Corporate Communications, or Mary
Clarke (MC) Guenther, Manager, Media Relations of UnumProvident Corporation,
+1-423-294-6300, or Toll free, +1-866-750-UNUM (8686)/
/Photo: http://www.newscom.com/cgi-bin/prnh/20030929/CHM022LOGO-a
AP Archive: http://photoarchive.ap.org
PRN Photo Desk, photodesk@prnewswire.com /
/Web site: http://www.unumprovident.com /
(UNM)
CO: UnumProvident Corporation; Change Partners, Inc.; Foley Hoag LLP
ST: Tennessee
IN: FIN INS
SU: PER
DL-JT
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4072 11/29/200413:09 ESThttp://www.prnewswire.com