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April 23, 2004   Email to Friend 

Jeff Helms
(334) 613-4212
April 23, 2004

MONTGOMERY, Ala.-- Stockholders of Alfa Corporation elected two new members to their board of directors Thursday during the company's annual meeting at the Alfa headquarters in Montgomery.

Larry E. Newman of Birmingham, who retired in 2001 as an audit partner with Ernst & Young LLP, brings to the board more than 30 years experience in the auditing profession. He has advised the senior management and directors of numerous large organizations in a variety of industries including banking, insurance, heavy manufacturing, consumer products and poultry production and processing.

Jake Harper of Camden was elected a vice president of Alabama Farmers Federation in December. Harper has owned and operated a successful beef cattle and timber operation in Wilcox County for more than 25 years. He is past president of the Alabama Association of Soil and Water Conservation Districts and currently serves as president of the Alabama Treasure Forest Association.

Retiring from the Alfa board are James A. Tolar Jr. of Perry County, and James I. Harrison Jr. of Tuscaloosa.

Tolar served on the Alfa board for 28 years. A dairyman and beef cattle farmer, Tolar founded Tolar Fertilizer and Lime Co. and was past president of Associated Milk Producers Inc. He also served as a director of Central Bank of the South and the Sunbelt Federation of Milk Co-ops.

Harrison served on Alfa's board of directors for nine years. He was the founder and former CEO of Harco Inc. and Carport Auto Parts Inc. He currently serves as chairman and CEO of HFS Holdings.

Alfa President Jerry A. Newby presented framed resolutions to the two former board members praising their contributions to the company and the state.

"These men have given to Alfa Companies their tremendous intellect, wisdom and insight, and have embodied the values on which Alfa was founded," Newby said. "Mr. Tolar and Mr. Harrison have served Alabama and their communities in many ways through their generous, progressive and entrepreneurial spirit, and many have been blessed by their association with them."

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