The FINANCIAL — The Allstate Corporation on February 16 announced that Robert D. Beyer, chairman of Chaparal Investments LLC, has decided not to seek re-election to the company’s board of directors.
Beyer joined the Allstate board in 2006 and currently chairs the risk and return committee and serves on the audit and executive committees, according to Allstate.
“Bob has been a fabulous board member providing strategic advice, business expertise and oversight on behalf of our shareholders for 10 years,” said Thomas J. Wilson, chairman and chief executive officer of The Allstate Corporation. “In addition, his investment insights were invaluable during the financial market crisis and made him a strong leader of the board’s risk and return committee. Our entire board will miss him but wish him continued success in the future,” concluded Wilson.
Allstate’s board will have 10 directors when Beyer’s term expires on the date of the 2016 annual meeting of shareholders scheduled for May 24.
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