Joey Loudermilk, Aflac’s general counsel since 1991, has told the Columbus supplemental insurance company he intends to retire at the end of the year.
The company filed a notice of Loudermilk’s intentions late Friday afternoon with the U.S. Securities and Exchange Commission, which regulates public companies. Because of Loudermilk’s position as the company’s top attorney, notice was required to be filed with the SEC.
“It’s time,” said Loudermilk. “I am 60 years old and I have been with Aflac for 30 years — half my life.”
Loudermilk became general counsel a year after Dan Amos became chief executive officer. Amos, now chairman and CEO, hired Loudermilk as an executive vice president in 1983.
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“I am not sure what my expectation was at that time,” Loudermilk said. “All I know is Dan offered me that position and I said yes immediately. He told me two things: ‘We are going to have a good time and it is never going to be boring.’ Well, after 30 years, I have had a good time, and it has never been boring.”
A Columbus native and Hardaway High School graduate, Loudermilk now lives in Harris County, where he serves on the county commission. Loudermilk, who earned his law degree at the University of Georgia, was in private practice in downtown Columbus prior to working for Aflac.
Amos said that Loudermilk’s replacement will come from inside the company.
“I am not looking outside the house,” Amos said.
The decision will come in due time as Loudermilk transitions out, Amos said. “I know who it will be,” he said. “Joey will finish the job, and he still has a lot of work to do.”