Hub International Limited has named Dennis J. Pauls, who has served as the company’s CFO for over six years, as president and CEO of Hub International Ontario Limited, one of the company’s regional hubs. Pauls will assume his new role on September 5, 2006.
Hub said it will “immediately begin the process of identifying a candidate to replace Mr. Pauls as CFO. In the meantime, Pauls will continue to serve as CFO of the company.”
“Ontario is one of the leading markets in Canada and continues to be a great opportunity for our growth,” stated Hub Chairman and CEO Martin P. Hughes. “Dennis’ transition to the position of CEO of Hub Ontario not only reflects his development as a leader in our company, but also serves as a classic example of how we are putting our best people in our best opportunities. Obviously Dennis has mastered the meaning in the numbers.”
Hughes also noted that Pauls is “uniquely qualified for the leadership role in Ontario because he understands our company and our values, he is a champion of our sales culture, he knows how to convert top line growth into profit, and above all, he understands that teamwork and collaboration are essential to building an organization that will be successful over the long term. All of our business stakeholders in Ontario – clients, markets and employees – are going to realize the benefits of Dennis’ move to Ontario.”
Pauls joined Hub International as CFO in 1999 after serving as CFO of one of the company’s founding brokerages. As CFO, he has overseen financial reporting and information technology. He participated with other members of management in taking the company public in both Canada and the U.S. and has been instrumental in helping coordinate numerous financing transactions and the integration of over 120 acquisitions.
Hub Ontario has approximately 300 employees operating from 12 offices across Ontario, providing home, auto, life and commercial insurance, group benefits and other insurance and wealth management-related products and services. It is one of 16 regional hubs operated by Hub International.