ELLIS ANNOUNCES RETIREMENT FROM ALFA INSURANCE®
MONTGOMERY, Ala., -- Alfa Insurance® Executive Vice President of Operations C. Lee Ellis III has announced plans to retire Feb. 1, 2012, after 36 years with the company.
Alfa President and CEO Jerry Newby praised Ellis for his leadership and exemplary service to policyholders.
"Lee embodies the wise, conservative management philosophy that has made Alfa a strong company," Newby said. "Under his leadership, we have not only grown the Alfa companies and set records for production, but we also have implemented initiatives that allow us to better serve Alfa's customers. In the last 12 years, Alfa has made major strides in embracing new technology and has established procedures to ensure it is prepared to deliver the company's promise to policyholders, no matter how severe the disaster."
Ellis joined Alfa in 1975 as an investment officer. He quickly rose through the ranks of the company, serving as an assistant vice president, vice president, senior vice president, and Executive Vice President of Investments and Chief Investment Officer, before being named Executive Vice President of Operations in 1999. A Montgomery native, Ellis earned a degree in political science from the University of North Carolina.
In announcing his plans, Ellis spoke fondly of the employees, board members and local leaders he's worked with during his tenure with the organization.
"I have enjoyed many wonderful moments throughout my career, but the best part has definitely been building relationships with the many exceptional employees and friends that make up the Alfa family," he said. "I feel exceptionally blessed to have been given the opportunity to work with a company that promotes strong values and community service, and I am grateful to have built many lifelong relationships in the process."
Under Ellis' leadership, Alfa grew its life insurance portfolio from $12 billion in force in 1999 to $27 billion today. He also led efforts to expand Alfa's property and casualty business beyond Alabama, Georgia and Mississippi with the acquisition of Alfa Alliance Insurance Corp., and Alfa Vision Insurance Corp. Today, Alfa and its affiliates provide insurance and other financial services in 12 states. During his tenure, he established a Business Intelligence unit within Alfa, which has allowed the company to develop products and services to better serve customers' needs.
Ellis said he is looking forward to spending more time with his family, expanding his work with church and civic groups and exploring other business opportunities.
He currently serves on the board of directors and executive committee for Property Casualty Insurers Association of America and is on the board of directors for MidCountry Financial Corp. His civic affiliations include serving on the board of directors and executive committee for the Montgomery Area Chamber of Commerce and the board of directors for the Alabama Shakespeare Festival. He is also the president of the YMCA Endowment Foundation and a former chairman of the River Region United Way campaign.
Lee and wife, Nancy, have two sons, John and David; a daughter-in-law, Summer, and two grandchildren John Clyde and Anna Charles.
For more information, visit www.AlfaInsurance.com or call 1-800-964-2532.