This excerpt taken from the ALL 8-K filed Oct 12, 2006.
Allstate Announces Next Steps in Leadership Succession Plan
George E. Ruebenson to succeed
Thomas J. Wilson as Allstate Protection President
Northbrook, Ill., Oct. 9, 2006 The Allstate Corporation today announced the next step in the companys leadership succession plan. George E. Ruebenson, currently senior vice president for the Property-Casualty Claim Service Organization (P-CCSO) of Allstate Insurance Company and a member of Allstates senior management team, will succeed Thomas J. Wilson as president of Allstate Protection at the end of 2006. As previously announced, Wilson will become chief executive officer of The Allstate Corporation when current Chairman and Chief Executive Officer Edward M. Liddy steps down as CEO at the end of the year.
Allstate Protection combines the property and casualty offerings of Allstate, as well as EncompassSM and Deerbrook® Insurance, which are sold through Allstate and independent agencies, respectively.
For more than 11 years, Ed Liddy and I have worked side-by-side to successfully transform Allstate into an insurance and financial services company focused on the needs of customers and ready to compete in the 21st century, said Wilson. In his new role as leader of Allstate Protection, George will build upon our successful strategy to achieve even greater customer innovation and operating performance.
Ruebenson, 58, joined Allstate in 1970, holding a variety of key positions in the field and Allstates home office. In 2000, Ruebenson was named vice president for P-CCSO, which is the 17,000 person claim organization responsible for serving all of Allstates property and casualty customers. He became a member of Allstates senior management team as senior vice president in 2003. During his tenure with P-CCSO, his team has improved both customer and agency satisfaction and bettered most major competitors with respect to claim expense ratio.
This leadership transition is part of the companys well-planned succession strategy, further demonstrating our deep management bench, said Ed Liddy. George has served Allstate and its protection business in numerous key leadership positions and has extensive knowledge of both our company and the industry. His experience makes him ideally suited to drive the continued growth and success of our protection business.