Kemper Names Teladoc Health CEO Jason Gorevic to Board of Directors; Announces Retirement of Director David Storch

Rhea-AI Summary

Kemper Corporation (NYSE: KMPR) has elected Jason Gorevic as a Director, effective February 2, while David P. Storch is set to retire at the end of his term on May 4, 2022. Gorevic, with over 25 years in the healthcare sector, has driven substantial growth at Teladoc Health. His expertise in market strategy and transformation is seen as a valuable addition to Kemper’s board, which now comprises 12 directors. Storch, who has served since 2010, expresses confidence in the company's current leadership and direction.

Positive

• Jason Gorevic brings extensive experience in market strategy and transformation from his role at Teladoc Health.
• Gorevic's election enhances the board's expertise in regulated industries, aligning with Kemper's strategic goals.
• Storch expressed confidence in the current leadership and strategic direction, indicating stability in governance.

Negative

• David P. Storch's retirement may create a gap in experience given his long tenure and leadership roles.

CHICAGO--(BUSINESS WIRE)-- Kemper Corporation (NYSE: KMPR) announced that its Board of Directors has elected Jason Gorevic as a Director, effective February 2. The Board also announced that David P. Storch has informed the Board of his intention to retire as a director at the end of his current term, expiring May 4, 2022.

As Chief Executive Officer of Teladoc Health, the global leader in whole-person virtual care, and a member of Teladoc’s Board of Directors, Gorevic has delivered exponential growth in revenue, membership and care visits over his twelve-year tenure. He has over 25 years of experience in the healthcare industry and in 2021 was named one of the most influential people in healthcare by Modern Healthcare magazine. He has served in senior leadership roles at Wellpoint, Inc. (now Anthem, Inc.), including Chief Marketing & Product Officer and President of Empire Blue Cross Blue Shield. Gorevic has a Bachelor of Arts degree in International Relations from the University of Pennsylvania.

“We’re pleased to welcome Jason to our board,” said Joseph P. Lacher, Jr., President, CEO and Chairman of Kemper’s Board of Directors. “Jason’s deep expertise in market shaping and penetration, strategic execution and driving transformation, as well as strong knowledge/capabilities in a regulated industry, make him an excellent addition to Kemper’s board. We look forward to learning from his experiences and welcome his guidance as we continue to move the needle on the Kemper story.”

Gorevic will be a member of the board’s Risk and Human Resources and Compensation Committees. His appointment expands the board to 12 directors, 10 of whom are independent.

“I’m excited to join the board of this respected company with such a long track record of achievement,” said Gorevic. “The talent and focus of the board members and leadership team is a core strength and I look forward to supporting the company’s commitment to its Strategic Intent.”

Storch was elected to Kemper’s Board in May 2010, and has served as Lead Director and on numerous Board committees. He retired as Chief Executive Officer of AAR Corp., a leading provider of aviation services for commercial and government customers, where he currently holds the position of Non-Executive Chairman of the Board.

“Kemper has been very fortunate to have David’s leadership on our Board for the last dozen years, and we thank him for his dedicated service and outstanding contributions,” said Lacher. “David’s leadership, integrity and dedication to high personal and professional standards has been evident throughout his tenure, and we’re grateful for the leadership he provided while we worked to transform the company and enable a path to sustained growth. He’s been a highly effective director and we extend our gratitude and best wishes to David and his family.”

“After serving for 12 years, I leave the board very confident in the leadership team, the slate of directors, and the strategic direction of the company,” said Storch. “I’m proud to have been part of a successful transformation, and wish the team all the best as they move forward.”

About Kemper

The Kemper family of companies is one of the nation’s leading specialized insurers. With approximately $15 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, Life and Health brands. Kemper serves over 6.5 million policies, is represented by approximately 35,400 agents and brokers, and has approximately 10,300 associates dedicated to meeting the ever-changing needs of its customers.

Learn more about Kemper.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220203005360/en/

News Media: Barbara Ciesemier, 312.661.4521, bciesemier@kemper.com

Investors: Karen Guerra, 312.661.4930, investors@kemper.com

Source: Kemper Corporation

FAQ

What is the significance of Jason Gorevic's election to Kemper's board?

Jason Gorevic's election is significant due to his extensive experience in market strategy and transformation, particularly from his tenure at Teladoc Health.

When will David P. Storch retire from Kemper's Board of Directors?

David P. Storch will retire at the end of his current term, expiring on May 4, 2022.

How many directors are on Kemper's Board after Jason Gorevic's election?

After Jason Gorevic's election, Kemper's Board consists of 12 directors.

What committees will Jason Gorevic serve on at Kemper?

Jason Gorevic will serve on the Risk and Human Resources and Compensation Committees.

What achievements did Storch highlight during his tenure on Kemper's Board?

David P. Storch highlighted his confidence in the leadership team and the successful transformation of the company during his 12 years on the board.