AllianceBernstein Announces Appointment of Todd Walthall to its Board of Directors

Rhea-AI Summary

AllianceBernstein (AB) appointed Todd Walthall to its board of directors, effective September 21, 2021. Walthall, known for his expertise in customer experience, will serve on the Audit and Risk Committee. Currently, he is the Executive Vice President of Enterprise Growth at UnitedHealth Group, previously holding leadership roles at Blue Shield of California. His appointment is expected to contribute positively to AB’s business and culture.

Positive

• Todd Walthall's customer experience expertise may enhance AB's service offerings.
• His leadership experience could strengthen the board's effectiveness and strategic direction.

Negative

• Concerns about continuity due to the introduction of a new board member.
• Potential experience gaps in the board's collective knowledge with the addition of Walthall.

NASHVILLE, Tenn., Sept. 27, 2021 /PRNewswire/ -- AllianceBernstein L.P. ("AB") and AllianceBernstein Holding L.P. ("AB Holding") (NYSE: AB) today announced that Todd Walthall has joined the board of directors at AllianceBernstein as an independent member. His appointment is effective as of September 21, 2021 and he will sit on the Audit and Risk Committee.

"Todd brings to the board a deep expertise in the customer experience space having devoted a large portion of his career to understand how to best meet the needs of customers. I am confident his perspective will help to advance AB's business and culture," said Seth Bernstein, president and chief executive officer of AllianceBernstein.

Mr. Walthall is Executive Vice President of Enterprise Growth at UnitedHealth Group where he is accountable for accelerating growth through key partnerships and integrated solutions. He has held numerous leadership roles throughout his career, including, most recently, Executive Vice President and Chief Operating Officer at Blue Shield of California, a non-profit health plan with more than $20 billion in annual revenue where he led sales, marketing, technology and customer experience.

About AllianceBernstein

AllianceBernstein is a leading global investment management firm that offers high-quality research and diversified investment services to institutional investors, individuals and private wealth clients in major world markets.

As of June 30, 2021, including both the general partnership and limited partnership interests in AllianceBernstein, AllianceBernstein Holding owned approximately 36.3% of AllianceBernstein and Equitable Holdings, Inc. ("EQH"), directly and through various subsidiaries, owned an approximate 64.4% economic interest in AllianceBernstein.

Additional information about AB may be found on our website, www.alliancebernstein.com.

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SOURCE AllianceBernstein

FAQ

Who is Todd Walthall and what role will he play at AllianceBernstein?

Todd Walthall is the new independent board member at AllianceBernstein, effective September 21, 2021, serving on the Audit and Risk Committee.

What are Todd Walthall's qualifications for joining the AllianceBernstein board?

Walthall has extensive experience in customer experience and business growth, previously serving as Executive Vice President at UnitedHealth Group.

What impact might Walthall's appointment have on AllianceBernstein's business?

His expertise in customer experience is expected to positively impact AB's business and culture.

When was Todd Walthall's appointment to the board of AllianceBernstein announced?

The announcement was made on September 27, 2021, with Walthall's appointment effective from September 21, 2021.