Allstate adds to board of directors

Financial services company president and CEO brought in to provide the board with her financial expertise

Allstate adds to board of directors

Insurance News

By Lyle Adriano

Allstate Corporation has revealed that the president and CEO of Synchrony Financial, Margaret M. Keane, has been elected to its board of directors.

Keane’s induction on to the board comes into effect January 01, 2018. Her addition brings the total number of people on the board to 12 directors.

“Margaret is an accomplished leader with extensive financial services expertise that strengthens the strategic and operational capabilities of Allstate’s board,” commented Allstate chairman and CEO Tom Wilson. “She brings a passion for innovation, customer focus and employee development which will be invaluable as Allstate grows by connecting and protecting consumers.”

“I am honored to be joining a collaborative and respected team of directors at a company recognized for best-in-class corporate governance,” remarked Keane. “I look forward to helping further shape Allstate’s growth strategy which, when supported by its exceptional execution, will further improve shareholder value.”

Keane has served as president and CEO of the financial services company Synchrony Financial since July 2014, when parent GE Capital launched it as an independent, publicly-traded company. She was previously the president and CEO of GE Capital’s Retail Card platform from 2004, then president and CEO of GE’s North American retail finance business in 2011.

She has a bachelor’s degree in government and politics and an MBA in marketing from St. John’s University in Queens, N.Y.

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