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Former Labor Secretary Chao to Join Protective Life Board

^{Published on 2011-07-01 09:05:49 - Market Wire}
 

BIRMINGHAM, Ala.--([ BUSINESS WIRE ])--Protective Life Corporation (aProtectivea) (NYSE:PL) announced today that Elaine L. Chao, former Secretary of Labor, has been elected to the Birmingham, Alabama insurera™s Board of Directors.

Secretary Chao became the 24^th Secretary of the Department of Labor in 2001. As Secretary, she had worked on ERISA, pension and employee benefits issues. She was the only member of President George W. Busha™s Cabinet to serve during all eight years of his administration. She is the first Asian Pacific American appointed to a presidential cabinet position.

Secretary Chao is currently a Distinguished Fellow at The Heritage Foundation and a regular contributor to Fox News. She has also served as President and CEO of the United Way of America, Director of the Peace Corps, Deputy Secretary of Transportation, and Chairman of the Federal Maritime Commission and worked in the private sector at Bank of America and Citicorp. Secretary Chao previously served on the Protective Board from 1997 through 2001.

John D. Johns, Protectivea™s CEO, commented: aSecretary Chaoa™s extensive experience at the highest levels in the public, private and non-profit sectors will no doubt prove of great value to our company as we navigate through a rapidly evolving set of business and regulatory issues in our various lines of business. We are delighted to have someone with such a rich array of accomplishments and distinguished record of service rejoin our Board of Directors.a

About Protective Life Corporation

Protective Life Corporation provides financial services through the production, distribution and administration of insurance and investment products throughout the United States. It has annual revenues of approximately $3.1 billion and as of December31, 2010 had assets of approximately $47.6 billion.