CompBenefits' CEO David Klock Retires
Atlanta - July 1, 2004 - CompBenefits, one of the nation's leading dental and vision benefits companies, announced today the retirement of its Chief Executive Officer, David Klock. Kirk Rothrock succeeds Klock as the company's CEO and President.
Klock will continue to serve the company as Chairman of the Board of Directors and Chairman of the board's Audit Committee.
Klock led a management buy-out of the company in 1993 and was then appointed Chairman and CEO. In 1995, CompBenefits became a public company. CompBenefits' senior management took the Company private in 1999 through a management buy-out of CompBenefits with GTCR and TA Associates. During Klock's tenure as CEO, CompBenefits grew from $40 million in revenue to more than $300 million in revenue with industry-leading profit margins.
CompBenefits brings more than 40 years of success to vision benefits and more than 25 years of success to the dental benefits industry and has made numerous positive contributions to its customers' good health and well-being. CompBenefits furnishes its customers uncompromising standards of excellence, unique value, and substantial financial stability.
With a complete portfolio of dental and vision benefit plans, CompBenefits
serves its 4.5 million members by building and maintaining superior dentist and eye care professional networks and delivering exceptional customer service.