CHICAGO--(BUSINESS WIRE)--
Unitrin, Inc. (NYSE:UTR) announced today that Eric J. Draut has resigned
his position as Executive Vice President and Chief Financial Officer of
Unitrin, effective September 3, 2010, to pursue other opportunities and
that he will also resign as a member of Unitrin’s board of directors as
of the same date. Unitrin has designated Richard Roeske, the Company’s
Vice President and Chief Accounting Officer, as interim CFO pending
completion of a search for a permanent replacement.
Unitrin’s Chief Executive Officer, Don Southwell, commented that “Eric
Draut has been an outstanding member of Unitrin’s senior leadership team
since the Company’s spin-off from Teledyne in 1990, and his previous
positions have included Controller and Treasurer. During his 13 year
tenure as Chief Financial Officer, Eric led the spin-off of
Curtiss-Wright Corporation to Unitrin’s shareholders, the sale of
Unitrin’s holdings in Litton Industries, Inc. to Northrop Grumman
Corporation, and numerous acquisitions, divestitures and financings. He
has also been instrumental in the ongoing wind-down of Fireside Bank. We
will miss his intelligence, energy and dedication and wish Eric well in
his future endeavors.”
Mr. Southwell continued that “Rich Roeske has also been with Unitrin for
its entire existence as a public company and is a highly skilled
professional who will step into the interim CFO role seamlessly. We
expect Unitrin’s long track record of financial reporting excellence to
continue under Rich’s leadership.”
Unitrin is a diversified insurance holding company, with subsidiaries
that provide life, health, auto, homeowners and other insurance products
for individuals and small businesses.
Unitrin's principal businesses are:
- Kemper(R)1, which provides auto, homeowners
and other insurance products to individuals through a network of
independent agents,
- Unitrin Direct, which markets auto and homeowners insurance to
consumers via direct mail, the Internet, employer-sponsored employee
benefit programs and other affinity relationships,
- Unitrin Specialty, which provides auto insurance through a
network of independent agents and brokers to individuals and small
businesses which have had difficulty procuring insurance through
traditional channels, usually due to adverse driving records or claim
or credit histories, and
- Unitrin'sCareer Agency Companies, which specialize in the sale
of life insurance products to persons of modest incomes through a
network of employee agents.
Additional information about Unitrin is available by visiting its
website http://www.unitrin.com/
1 Kemper® is a registered service mark of Unitrin, Inc.
Source: Unitrin, Inc.
Contact:
Unitrin, Inc.
Frank J. Sodaro, (312) 661-4930
investor.relations@unitrin.com