KMG America Corporation Welcomes James E. Nelson as Senior Vice President, General Counsel and Secretary
01 Aprile 2005 - 11:42PM
PR Newswire (US)
KMG America Corporation Welcomes James E. Nelson as Senior Vice
President, General Counsel and Secretary MINNEAPOLIS, April 1
/PRNewswire-FirstCall/ -- KMG America Corporation (NYSE:KMA) is
pleased to announce the appointment of James E. Nelson as Senior
Vice President, General Counsel and Secretary. Kenneth Kuk,
President and CEO of KMG America, commenting on Mr. Nelson's
decision to join the senior management team, stated, "I have had
the good fortune of working with Jim in the past. His background
includes extensive experience in the insurance industry as well as
public company legal and compliance exposure. Jim is an excellent
addition to our team and a perfect fit for KMG America." Mr.
Nelson, in accepting his position, stated, "I am excited by the
challenge to help build a company that will have such a unique
value proposition. There is not another company that I am aware of
that will offer a comprehensive suite of voluntary and group
products in one package." In this role, Mr. Nelson will manage the
corporate legal affairs of the company and serve as corporate
Secretary. Mr. Nelson is a graduate of William Mitchell College of
Law and was most recently Vice President of Securities and
Investment Law at Thrivent Financial for Lutherans. Previously, he
was head of the Insurance Practice Group in the Law Division of
ReliaStar Financial Corp, where he was employed for over 14 years.
His over 18 years of legal experience include practice in the areas
of corporate, insurance and securities laws and litigation
management. "I look forward to the contributions I'll make in
helping define the direction the company will move and the paths it
will take towards success," stated Mr. Nelson. Through its
subsidiary, Kanawha Insurance Company, KMG America provides group
and voluntary benefits and administrative solutions to employees
nationwide. This press release contains forward-looking statements
that are made pursuant to the safe harbor provisions of the Private
Securities Litigation Reform Act of 1995. The accuracy of such
statements is subject to a number of risks, uncertainties and
assumptions that may cause KMG America Corporation's actual results
to differ materially from those expressed in the forward- looking
statements including, but not limited to: implementation of our
business strategy; hiring and retaining key employees; predicting
and managing claims and other costs; fluctuations in our investment
portfolio; financial strength ratings of our insurance subsidiary;
government regulations, policies and investigations affecting the
insurance industry; competitive insurance products and pricing;
reinsurance costs; fluctuations in demand for insurance products;
possible recessionary trends in the U.S. economy; and other risks
that are detailed from time to time in reports filed by the company
with the Securities and Exchange Commission. DATASOURCE: KMG
America Corporation CONTACT: Sylvia Knight of KMG America
Corporation, +1-803-416-5956
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