8-KLeadership Changes

ALLSTATE CORP 8-K Report, Executive Changes (May 5, 2017)

Filed May 5, 2017For Securities:ALLALL-PJALL-PBALL-PHALL-PI

Summary

This 8-K filing from Allstate Corp. announces a key change in its financial leadership. Effective May 14, 2017, Eric K. Ferren has been appointed as the new Senior Vice President, Controller, and Chief Accounting Officer. Mr. Ferren brings extensive experience from his previous roles within Allstate and HSBC, including as Chief Financial Officer of HSBC Bank USA and Chief Accounting Officer of HSBC North America. This appointment signifies a transition in the company's principal accounting officer role, with Samuel H. Pilch stepping down from this specific title to remain as Senior Group Vice President. Investors should note Mr. Ferren's starting annual base salary of $400,000. The filing does not contain information regarding new financial performance or strategic initiatives, focusing solely on this executive management change.

Key Highlights

  • 1Eric K. Ferren appointed as Senior Vice President, Controller, and Chief Accounting Officer, effective May 14, 2017.
  • 2Mr. Ferren replaces Samuel H. Pilch, who will transition to Senior Group Vice President.
  • 3Mr. Ferren's prior experience includes leadership roles at Allstate and HSBC, such as CFO of HSBC Bank USA.
  • 4Mr. Ferren will receive an annual base salary of $400,000 in his new role.
  • 5The filing pertains to a change in a key officer position within the company's financial reporting structure.
  • 6No significant financial results or strategic updates are included in this report.

Frequently Asked Questions

Eric K. Ferren has been appointed as the new Senior Vice President, Controller, and Chief Accounting Officer of Allstate, effective May 14, 2017.

This appointment signifies a change in the company's principal accounting officer. Mr. Ferren's extensive experience in financial reporting and accounting roles at Allstate and HSBC suggests continuity and expertise in managing the company's financial disclosures.

Samuel H. Pilch will remain with Allstate as Senior Group Vice President. He is stepping down from the role of Controller and Principal Accounting Officer.

Effective May 14, 2017, Mr. Ferren will receive an annual base salary of $400,000 in his position as Senior Vice President, Controller and Chief Accounting Officer.