The U.S. Chamber Board elects Tom Wilson as Chairman
The U.S. Chamber of Commerce’s Board of Directors elected Tom Wilson, chairman and CEO of The Allstate Corporation, to a one-year term as its Chairman. Wilson succeeds John L. Hopkins, chairman and CEO of NuScale Power LLC.
“Tom Wilson is an extraordinary business leader who runs The Allstate Corporation with passion and a sense of purpose. Driven by a deep belief that business is a powerful force for good in society, he will be a thoughtful and effective champion for America’s job creators,” said Thomas J. Donohue, president and CEO of the U.S. Chamber. “He sets a great example for all business leaders to follow, and we look forward to the ideas, innovations and insights he will contribute as chairman of the U.S. Chamber Board.”
Wilson was named chief executive officer of Allstate, the nation’s largest publicly traded personal lines insurer, in 2007. He added the chairman’s role the following year. Under his leadership, the corporation weathered the Great Recession and a significant increase in severe storms to become a model for corporations of the future.
Allstate has delivered excellent returns, while investing hundreds of millions of dollars in socially responsible causes, public infrastructure and business innovation. Wilson has aligned Allstate around a single purpose: protecting people from life’s uncertainties and preparing them for the future.
“It is an honor to take on this role at the Chamber and help lead an organization focused on helping businesses create more prosperity in America,” said Wilson. “Businesses play a vital role in the world by harnessing ideas, people, resources, processes and capital. We take iron rocks and make skyscrapers, cars and computers. Businesses provide dignity through work and must be supported to do even more. The Chamber will work to broaden our role in society to create even more prosperity. The collective power of a great team in Washington, D.C., and local Chamber executives throughout the country ensure that American business will continue to be the envy of the world.”
Wilson joined Allstate in 1995 from former corporate parent Sears, Roebuck and Company, where he was vice president of strategy and analysis. Wilson has taken his purpose-driven leadership beyond Allstate, serving as member of the Property and Casualty CEO Roundtable, as well as past chairman of the Financial Services Roundtable and deputy chair of the Federal Reserve Bank of Chicago. He also is a member of the Financial Services Forum and the Civic Committee of the Commercial Club of Chicago. Additionally, Wilson serves as a trustee of Rush University Medical Center and as the national and Illinois co-chair of WE Day, a youth empowerment program. He is co-founder and co-chair of Get IN Chicago, a public-private partnership to reduce violent crime among youth in city neighborhoods.
Wilson graduated with an MBA from the Kellogg School of Management at Northwestern University. He holds a bachelor’s degree in business administration from the University of Michigan.
The U.S. Chamber Board Elects James E. Stephenson as Vice Chairman
The U.S. Chamber of Commerce’s Board of Directors elected James E. Stephenson, chairman and CEO of Yancey Bros., as its vice chairman. Stephenson succeeds Thomas J. Wilson, chairman and CEO of The Allstate Corporation, who is today assuming the role of chairman. Stephenson will serve a one-year term.
“We are pleased to welcome Jim, an innovative leader in the transportation and construction field, to this leadership position with the U.S. Chamber,” said Thomas J. Donohue, president and CEO of the U.S. Chamber. “Jim has successfully led Yancey Bros. for more than two decades, expanding the scope of operations while staying true to the company’s long-standing legacy of service to its customers. Jim has also been a tireless advocate for pro-business policies at the state and federal level, particularly when it comes to improving our nation’s infrastructure. We look forward to the perspective his experience will bring to our board.”
Stephenson has served as the chairman and CEO of Yancey Bros. Co., a 103-year-old family business, since 1994. Under his leadership, the company has expanded its operations and entered new opportunities.
In 1997, Yancey Bros. opened the Cat Rental Store, which rents construction and building equipment for short-term projects. Stephenson purchased the dealership covering the south half of Georgia to expand Yancey Bros. Co.’s operations across the entire state. He also led Yancey into a number of new business opportunities, including Yancey Engineered Solutions and Yancey Bus Sales & Service (representing Blue Bird bus company across the state of Georgia). Yancey Bros. Co. employs approximately 1,200 people at 24 locations across the state.
“I have spent my business career striving to strengthen and grow a great family business representing some great American manufacturers,” said Stephenson. “The opportunity to serve on the leadership of the U.S. Chamber of Commerce is a high honor. I look forward to helping the U.S. Chamber become an even more effective advocate for all of America’s businesses.”
Jim serves on several boards and advisory councils, including: The Wesleyan School, Shepherd Center, the Metro Atlanta Chamber of Commerce, and the Georgia Transportation Alliance. He is a member of the Rotary Club of Atlanta.
Jim is an Eagle Scout who graduated from Fayetteville High School in Fayetteville, Arkansas. He holds an undergraduate degree from Yale University and a law degree from Duke University. Jim and Donna, his wife of 39 years, make their home in Ponte Vedra Beach, Florida.