NU Online News Service, May 20, 2005, 11:43 a.m. EDT--Allstate Corp. said yesterday that Thomas J. Wilson, the president of its Allstate Protection unit, has been elected president and chief operating officer effective June 1.
Mr. Wilson will be in charge of the Northbrook, Ill.-based company's insurance operations, including Allstate Financial and Allstate Protection.
The company announcement noted he had experience managing both operations having served as chairman and president of Allstate Financial from 1999 to 2002. Mr. Wilson will remain president of Allstate Protection after June 1.
Jay Gelb, senior vice president of Lehman Brothers Equity Research, said he views the appointment favorably based on Mr. Wilson's strong results at Allstate thus far.
Mr. Gelb said he believes that Mr. Wilson would make an excellent choice as an eventual successor to Allstate Chairman and CEO, Edward Liddy.
Prior to joining Allstate in 1995, Mr. Wilson was vice president of strategy and analysis for Sears, Roebuck and Co.
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