Protective Life EVP Nancy Kane to retire in June
Birmingham-based Protective Life Corporation this week announced the retirement of Nancy Kane, the company’s executive vice president for Acquisitions and Corporate Development, effective June 18.
Throughout her long and distinguished career with Protective Life, Kane has held various responsibilities for bank and debt financing, securitization, and acquisition transactions.
She joined Protective as senior associate counsel in 1997. Prior to that, she was an associate with Debevoise and Plimpton in New York, practicing in the areas of corporate and securities law. Since Kane became responsible for Protective’s acquisitions business segment in 2013, the Alabama company closed its four largest transactions, representing an estimated capital investment of approximately $4 billion.
“In Nancy’s time with Protective, the company has grown dramatically, and acquisitions have been a key driver of our success,” stated Rich Bielen, Protective president and CEO. “Beyond the significant earnings contribution the acquisition segment represents, Nancy’s leadership has helped us reach more customers through new distribution channels and placed us in a strong position for continued growth. We appreciate her countless contributions and wish her well in retirement.”
Kane is also a prominent leader in the Birmingham community, having served on many charitable and civic boards, including the Children’s Aid Society and Foundation, the Hispanic Interest Coalition of Alabama, Heart Gallery Alabama, and MOMENTUM, Building Leadership in Women, of which she is currently president.
Lance Black, who joined Protective in 2003 and currently serves as senior vice president for Treasurer and Stable Value Products, will assume Kane’s role and responsibilities as senior vice president for Acquisitions and Corporate Development on June 18. He will report to Bielen.
“Our acquisitions expertise continues to be a very important strategic capability and competitive advantage for our business, and Lance’s expertise will position him to excel in this new role,” Bielen said. “Lance assumes leadership of our strong, cross-functional acquisitions team, and we are confident in their ability to continue advancing this important part of our business.”
Protective, headquartered in the Magic City since its founding in 1907, is now a wholly-owned U.S. subsidiary of Dai-ichi Life Holdings, Inc.
Sean Ross is the editor of Yellowhammer News. You can follow him on Twitter @sean_yhn