Former Sears, Allstate President Dies Of Cancer
CHICAGO (AP) _ Archie R. Boe, former president of Sears, Roebuck and Co. and Allstate Insurance Co., has died of cancer at age 67.
Boe, who joined Allstate in 1941 and worked for the insurance company or its parent, Sears, until retirement in 1984, died Monday at Northwestern Memorial Hospital.
″He was one of the first corporate executives to adapt long-range planning, known as strategic planning, into the corporate world,″ said Ray Ewing, a former Allstate spokesman who worked with Boe for 20 years.
″He had a good sense of foresight and planning that was really unique.″
Known mostly as a car insurer, Allstate expanded into other areas of coverage in 1957 under Boe’s leadership.
″That’s the reason Allstate is so big today,″ Ewing said.
Boe was named Allstate president in 1966, and chairman and chief executive officer in 1972. In 1982 he was named president of Sears, a post he held for two years.
Boe was born in Estherville, Iowa. He graduated from Drake University in 1941 with a finance degree.
He earned a master’s degree in business from the University of Chicago, was inducted into the Chicago Business Hall of Fame in 1987, and served on several corporate boards.
Survivors include his wife, Elaine; son, Michael; stepson, Dr. James Day; and stepdaughters Constance Day and Randee Gregos.