– USA, IL – Kemper Corporation (NYSE: KMPR) today announced the election of Alberto Paracchini to its Board as an Independent Director, effective February 1, expanding the board to 12 directors, of whom 10 are independent.
He will join the Audit and Risk Committees.
The Board also announced that Bob Joyce will retire from the Board on May 4, 2023.
About Alberto J. Paracchini
With a strong track record of nearly 20 years in financial services, Alberto Paracchini has served as CEO of Byline Bank since 2013. He has held executive positions with Banco Popular North America, BXM Holdings, Inc., Popular Financial Holdings, and E-Loan. Paracchini has a Bachelor of Arts degree in political science and Spanish from Marquette University, and an MBA with honors in finance and business economics from The University of Chicago Booth School of Business. He currently serves on the board of Junior Achievement of Chicago and is a member of the Cook County Council of Economic Advisors and The Economic Club of Chicago.
“We’re pleased to welcome Alberto to our Board,” said Joseph P. Lacher, Jr., President, CEO, and Chairman. “His broad financial services knowledge and familiarity with a customer base similar to ours will enable him to provide invaluable guidance to Kemper as we move forward. In addition, his current role as CEO of Byline Bank gives him a deep understanding of the opportunities and challenges presented by the current economic climate.”
“I’m honored by the opportunity to join Kemper’s Board and help advance the Kemper story,” said Alberto Paracchini. “With a history of delivering value for its stakeholders, the company is well-positioned for the future. I look forward to partnering with the Board and the dynamic leadership team to support the company’s commitment to executing on its strategic goals.”
About Kemper
The Kemper family of companies is one of the nation’s leading specialized insurers. With approximately $13 billion in assets, Kemper is improving the world of insurance by providing affordable and easy-to-use personalized solutions to individuals, families, and businesses through its Auto, Personal Insurance, and Life brands. Kemper serves over six million policies, is represented by approximately 33,500 agents and brokers, and has approximately 10,100 associates dedicated to meeting the ever-changing needs of its customers.
For more information: https://www.kemper.com/
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