Monday January 13
Allstate Elects Dan Hale New Chief Financial OfficerThe board of directors of The Allstate Corporation has elected Dan Hale senior vice president and chief financial officer, effective January 7, 2003. He replaces John Carl, who retired in mid 2002 as a result of health related concerns.
"Dan's wide experience across a variety of financial services will provide us with a valuable perspective on the successful implementation of our strategy to expand Allstate to become a more broadly based financial services firm," said Edward M. Liddy, Allstate's chairman, president and chief executive officer.
Mr. Hale has held a wide variety of key financial positions during his career. An economics graduate from Yale, Dan joined the General Electric Company in 1966 in the corporate finance group, and held positions of increasing responsibility in his 20 plus year tenure at GE. During this period he spent 8 years with GE Capital Corporation before being appointed a Managing Director with GE's brokerage company Kidder Peabody Group.
In 1988 Mr. Hale was appointed President of the Chase Manhattan Leasing Company, and in 1991 joined insurer USF&G Corporation as Executive Vice President, becoming Chief Financial Officer from 1993 until the firm's acquisition by the St Paul Companies in 1998. He subsequently served as Executive Vice President and Chief Financial Officer of the Promus Hotel Corporation until its acquisition by the Hilton Hotels Group.
The Allstate Corporation is the nation's largest publicly held personal lines insurer.
©2003 Collision Repair Industry INSIGHT