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UNUMPROVIDENT ANNOUNCES
ELECTION OF MICHAEL PASSARELLA TO BOARD
CHATTANOOGA, Tenn. (Feb. 2, 2006) –
UnumProvident Corporation (NYSE:UNM) announced today that its board
of directors has elected Michael J. Passarella to serve as a
director of the company.
Mr. Passarella has more than 40 years experience in
the professional and financial services industry, having served as a
managing partner and global audit leader of the securities industry
practice at PriceWaterhouseCoopers LLP until his retirement in 2002.
He is currently a director and member of the Audit Committee of
Archipelago Holdings Inc., which recently entered into a definitive
merger agreement with the New York Stock Exchange.
“We are extremely fortunate to have Michael Passarella
join our board of directors,” said Thomas R. Watjen, president and
chief executive officer. “With more than four decades of auditing
and financial services leadership experience, he brings a wealth of
knowledge to our board, further strengthening its capabilities. I am
confident his expertise and strategic insight will be a tremendous
asset to UnumProvident.”
Mr. Passarella will serve on the Audit Committee. With
his election, UnumProvident has named seven new directors to its
board since Aug. 1, 2004. The company’s board now has 12 directors.
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