THE ALLSTATE CORPORATION (NYSE:ALL-D) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain OfficersItem 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On May 5, 2017, the Board of Directors of the Registrant elected Eric K. Ferren to serve as Senior Vice President, Controller and Chief Accounting Officer of the Registrant, effective May 14, 2017. Mr. Ferren will succeed Samuel H. Pilch as the Registrant’s controller and principal accounting officer. Mr. Pilch will remain as Senior Group Vice President of Allstate Insurance Company (“Allstate”).
Mr. Ferren, age 44, has served as Allstate’s Senior Vice President of External Reporting and Corporate Accounting since April 2014. Prior to joining Allstate, Mr. Ferren served in various executive capacities at HSBC since 2006, including chief financial officer of HSBC Bank USA, N.A. and executive vice president and chief accounting officer of HSBC North America. 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 of the Registrant.
