Protective Life COO Resigns

Birmingham, Ala.-based Protective Life Corporation (NYSE: PL  ) needs a new COO.

On Friday, the insurance company revealed that Chief Operating Officer Carolyn M. Johnson resigned her post effective yesterday, July 11. Her employment with the company will continue through July 31. No replacement was named.

Johnson had served as Protective Life's COO since November 2006. No reason was given for her resignation, other than the standard "to pursue other opportunities." CEO John D. Johns thanked her for "her service and contributions to the Company and wish[ed] her well in the future."

Protective Life shares rose in Friday trading regardless, ending 0.9% higher, at $41.75.


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