Allstate (ALL)

Greffin, 48, was named senior vice president and chief investment officer of Allstate Insurance Company in August 2008. Previously, she served as senior managing director and chief operating officer of the investment operation.

“Judy’s promotion represents the final step in our thoughtful and carefully planned leadership transition,” said Wilson.  “She is the right person at the right time to lead our $100 billion investment portfolio.”

“With nearly twenty years of experience at Allstate, Judy has developed business and investment skills that are both broad and deep. She has significant experience in the fixed income capital markets and understands our clients and their underlying businesses.  In addition, as the government and markets work to contain the financial turmoil, it’s important that we continue to have an experienced leadership team in place.

“I would like to thank Ric for the guidance he has provided Judy during this transition and for his outstanding contributions to Allstate over the past six years.   We congratulate him on his retirement.” Wilson added.

“Don joins our team at an exciting time for Allstate and will help us reinvent protection and retirement for the consumer,” said Wilson.  “Don is a highly talented leader who brings to Allstate the right mix of business and financial expertise and leadership skills.  He is results-oriented and has been successful in balancing good stewardship with decisive action.  His financial acumen in a range of corporate settings, demonstrated management skill and significant experience working with key stakeholders make him ideally suited for the role of Allstate’s chief financial officer.”

For more than 20 years, Civgin has successfully led finance and operations at several major corporations, building a breadth of experience. He is currently executive vice president and chief financial officer of OfficeMax, a leading office supply provider in North America and overseas.  He was also the CFO in the successful turnaround of General Binding Corporation and was senior vice president of finance and senior vice president of merchandise operations at Montgomery Ward.  Civgin earned an MBA from the University of Chicago and a bachelor’s of science in finance from the University of Illinois.

“Don’s broad base of experience and leadership, in combination with our strong financial team, will help us continue our focus on creating shareholder value,” said Wilson.

“I’m honored and energized to join such a capable management team at Allstate,” Civgin said.  “Allstate is a prime example of how financial strength and a passion for innovation can be combined for the good of the consumer, and I look forward to helping the organization advance that strategy.”

Allstate Motor Club, located in South Barrington, Ill., provides 24-hour roadside assistance to 1.2 million members through a national network of service providers. An additional 1.4 million customers are served through an enhanced towing or roadside assistance benefit available to Allstate auto insurance policyholders.

PMG, based in Schaumburg, Ill., is the second largest provider of roadside assistance in the country. Together, the combined Allstate Motor Club and PMG operations will provide service to more than four million drivers. In addition, PMG provides legal services benefits plans and membership-based consumer affinity offerings in the shopping, wellness, travel and entertainment areas. PMG markets its products directly to consumers and through private label and affinity distribution relationships with some of the most well-known brands in the United States.

“We’re taking a thoughtful, strategic approach to reinventing protection for the consumer,” said Allstate Chairman, President and Chief Executive Officer Thomas J. Wilson. “We want to provide consumers with the products they want, when and where they want to purchase them. We’re always looking for avenues to help us achieve that goal. PMG offers us the opportunity to do what we do well — create value in businesses where we excel, tap into fast-growing markets and expand our playing fields. This builds on our successful track record of integrating acquisitions in our core business.”

“PMG’s innovative products, high-quality service and excellent reputation in the area of program customization and customer service make it a good fit with our consumer-

— More —