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CHATTANOOGA, Tenn. (Dec. 15, 2006) — UnumProvident
Corporation (NYSE:UNM) announced today that Michael Caulfield will rejoin its
board of directors effective January 1, 2007. Caulfield was initially elected
to the company’s board in August 2004, but left in July 2005 when he accepted
the role of chief operating officer at Mercer Human Resource Consulting, a firm
with which UnumProvident does business. He recently resigned as president of
Mercer.
Caulfield, 59, has more than 30 years of experience in the financial services
industry including roles as executive vice president of the Prudential
Insurance Company of America, chief executive officer of Prudential
Investments, and president of both Prudential Preferred Financial Services and
Prudential Property & Casualty Insurance Company.
"Michael is a respected leader with extensive knowledge of the insurance
and financial services industries," said Jon Fossel, chairman of the
board. "We welcome him back to the board and know that his expertise and
strategic insight will be a tremendous asset to UnumProvident."
"Michael was an outstanding director who made some very significant
contributions to our company, and we are extremely fortunate to have him return
to our board," said Thomas R. Watjen, president and chief executive
officer. "We look forward to working with him as we continue to position
the new UnumProvident for long-term success."
Mr. Caulfield will serve on the Audit Committee and as chairman of the Finance
Committee. With his appointment and the previously announced retirement of
William Pollard from the board at the end of this year, UnumProvident’s board
remains at 12 directors.
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