Assurant, Inc. (AIZ, Financial), a leading global provider of risk management solutions, has announced significant changes to its Board of Directors. On November 15, 2024, Lawrence V. Jackson informed the Board of his decision to retire, effective at the company's 2025 annual meeting of stockholders. Additionally, Paget L. Alves has resigned from the Board, effective January 15, 2025, as he assumes the role of CEO at Sorenson.
In a strategic move, the Board has appointed Kevin Warren as a new member, effective January 15, 2025, pending customary regulatory approval. Mr. Warren brings a wealth of experience from his previous role as Chief Marketing and Customer Experience Officer at United Parcel Services (UPS), where he served from 2018 to 2024. His extensive career also includes a 34-year tenure at Xerox Corporation, culminating as Executive Vice President and Chief Commercial Officer.
Mr. Warren is currently serving on the board of directors at Fiserv, Inc., where he chairs the audit committee and is a member of the talent and compensation committee. His appointment to Assurant's Board and the Compensation and Talent Committee is expected to enhance the company's strategic direction and governance.
As part of his compensation, Mr. Warren will receive a cash retainer and restricted stock units, aligning with the company's compensation framework for non-employee directors. This appointment underscores Assurant's commitment to strengthening its leadership team with seasoned professionals who can drive growth and innovation.
For more insights and updates on Assurant, Inc. (AIZ, Financial), visit GuruFocus.com.
Should you invest in Assurant Inc (AIZ, Financial) right now? Before you do it, it’s important to understand the business profitability and stock valuations, and find out what the warning signs are about. See the in-depth Assurant Inc (AIZ) stock research here.
