Margaret M. Keane, president and chief executive officer of Synchrony Financial, has been elected to the board of directors of the Allstate Corporation.
"Margaret is an accomplished leader with extensive financial services expertise that strengthens the strategic and operational capabilities of Allstate's board," said Tom Wilson, chairman and chief executive officer of Allstate. "She brings a passion for innovation, customer focus, and employee development which will be invaluable as Allstate grows by connecting and protecting consumers."
"I am honored to be joining a collaborative and respected team of directors at a company recognized for best-in-class corporate governance," said Ms. Keane. "I look forward to helping further shape Allstate's growth strategy which, when supported by its exceptional execution, will further improve shareholder value."
Ms. Keane has served as president and CEO of Synchrony Financial since parent GE Capital launched it as a newly independent, publicly traded company in July 2014. Synchrony is a consumer financial services company, delivering customized financing programs through a diverse group of national, regional, and small businesses, as well as health and wellness providers.
Ms. Keane previously led the retail card platform at GE Capital as president and CEO beginning in 2004, later expanding her responsibilities to become president and CEO of GE's North American retail finance business in 2011.
She earned a bachelor's degree in government and politics and an M.B.A. in marketing from St. John's University in Queens, N.Y.