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Exhibit 99
UNUMPROVIDENT CORPORATION
1 Fountain Square, Chattanooga, TN 37402
2211 Congress Street, Portland, ME 04122
NEWS RELEASE
CONTACT:
Thomas A. H. White
423-755-8996
Linnea R. Olsen
207-575-4452
UnumProvident Corporation's Elaine Rosen to Assume Role as Special
Advisor to Chairman and CEO; Will Leave Company March 2002
___________________
Portland, ME and Chattanooga, TN - January 3, 2001 - UnumProvident
Corporation (NYSE: UNM) today announced that Elaine D. Rosen, Executive Vice
President - Customer Development, has indicated a desire to leave the Company in
2002 to pursue outside interests. With this decision, effective immediately,
Ms. Rosen will assume the new role of Special Advisor to the Chairman and CEO,
primarily assisting in sales force management development, selected producer and
customer relationships, and advocacy of Company positions on public issues. It
is anticipated that she will serve in this role until March 2002.
Ms. Rosen joined the predecessor company to UNUM Corporation, Union Mutual,
in 1975 and has held a variety of positions in employee benefits, product
marketing, corporate marketing, and individual and group disability. She
formerly served as president of UNUM Life Insurance Company of America. Since
the merger of UNUM Corporation and Provident Companies, Inc. creating
UnumProvident Corporation in June 1999, she has served as a senior executive
officer, currently as Executive Vice President - Customer Development.
J. Harold Chandler, UnumProvident Chairman, President and CEO said,
"Although we regret Elaine's decision, we are pleased to honor her request to
play a different role for a period of time prior to leaving the Company next
year. As a Special Advisor to me, we will continue to benefit from the depth of
Elaine's talents, her experience in our business, and knowledge of our Company.
I am particularly pleased that during this important time Elaine will focus on
selected producers and customer relationships and enhance the management skills
of our field force."
In making the announcement, Ms. Rosen commented, "I have had a wonderful
career with UNUM and now UnumProvident. This Company has given me professional
opportunities I could never have imagined when I began my career here 25 years
ago. It has been professionally rewarding and personally gratifying, so much so
that I never took time to explore other possibilities and interests. The merger
brought its own set of challenges to the Company and to all of us,
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and I was determined to do my part to see us through that demanding post-merger
period. I am so glad that I did; we are a strong company with a great future."
"I am especially grateful to Harold Chandler and to the Board of Directors
for permitting me to pursue this type of transition plan. Their understanding
and support is a true testament to this Company's values."
Effective immediately, Rick Wolf, Senior Vice President - Field Operations,
Mike Prochno, National Practice Leader, Brad Wier, National Practice Leader, and
David Whitney, National Practice Leader, will report to Harold Chandler. Kevin
McCarthy, Senior Vice President, will report to Tom Watjen, Executive Vice
President, on his product and market development responsibilities and continue
to report to Chandler on international operations. Ms. Rosen's role as leader
of the Portland Management Committee will be assumed by John Roberts, Senior
Vice President.
The subsidiaries of UnumProvident Corporation offer a comprehensive,
integrated portfolio of products and services backed by industry-leading return-
to-work resources and disability expertise. UnumProvident is the world leader
in protecting income and lifestyles through its comprehensive offering of group,
individual, and voluntary benefits products and services. UnumProvident has
operations in the United States, Canada, the U.K., Japan, and elsewhere around
the world.
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