- Push-out Score determined
- After seven years in the position
- Accolades, praise and thanks for Colberg
- Keith Demmings taking over
- Colberg spoke at length and said 164 words
(exechange) — New York, May 18, 2021 — Alan Colberg, chief executive of Assurant, leaves his post. His departure is made public at an early stage. As announced by Assurant Inc. in a news release and in a regulatory filing published on Tuesday, May 18, 2021, Alan B. Colberg leaves his post as chief executive officer at the provider of risk management products and services after seven years in the role, effective December 31, 2021.
Alan Colberg’s duties as CEO will be taken over by Keith W. Demmings, currently Executive Vice President and President, Global Lifestyle at Assurant Inc.
“A well-planned and smooth transition”
Alan Colberg’s departure from the CEO post is explained as follows. Elaine Rosen, Chair of the Board of Assurant, said: “The entire Board and I want to thank Alan for his steady leadership, and to express our pride in the company’s ability to affect a well-planned and smooth transition to a very capable internal leader in Keith.”
Precise information regarding Alan Colberg’s future plans was not immediately available.
Assurant said: “Alan B. Colberg, President and CEO of the company for the last seven years, plans to retire at the end of 2021.”
Assurant further said: “Alan B. Colberg, President, Chief Executive Officer and a director of the Company, will retire as Chief Executive Officer and director on December 31, 2021.”
Share price increase since January 2015
The announcement follows an increase in Assurant Inc.’s share price of 139% since January 2015. January 2015 is the month in which Colberg’s tenure as CEO began.
Chaired by Elaine Rosen
Elaine Rosen serves as Assurant Inc.’s Non-Executive Chair of the Board.
Rosen was elected to Assurant’s board of directors in February 2009 and became non-executive chair in November 2010.
In the position of CEO since 2015
Alan Colberg became CEO of the Company in 2015.
Colberg is President and Chief Executive Officer of Assurant, Inc.
He was named the Company’s President effective September 2014, and became Chief Executive Officer and director in January 2015.
Colberg joined Assurant as Executive Vice President of Marketing and Business Development in March 2011.
Before joining Assurant, Colberg worked for Bain & Company, Inc. for 22 years, founding and heading Bain’s Atlanta office since 2000.
He also served as Bain’s global practice leader for financial services, advising leading global companies, including Assurant.
Colberg has long been active in civic leadership roles, having served as chairman of the board of the Atlanta International School and on the boards of the Woodruff Arts Center and the Metro Atlanta Chamber of Commerce.
Push-out Score determined
The Push-out Score™ determined by exechange gauges the pressure surrounding Alan Colberg’s move on a scale of 0 to 10.
exechange reached out to Assurant and offered the company the opportunity to comment on the score.
Read the full story in the exechange report 21.2021 ($).