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.
Fool contributor Rich Smith has no position in any stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.