Swiss Re’s Board of Directors announced that Group Chief Financial Officer George Quinn will step down from his role, effective April 30, 2014. A search for his replacement is already underway.
Concurrently, the Zurich Insurance Group announced that Quinn “has been appointed Chief Financial Officer (CFO) and member of the Group Executive Committee (GEC), effective May 1, 2014. Mr. Quinn joins Zurich from Swiss Re Group where he served as the Group’s CFO since March 2007.” He joined Swiss Re in 1999 in Zurich as Chief Accounting Officer.
Swiss Re’s Chairman Walter B. Kielholz said the company “very much regrets George’s decision to leave Swiss Re after more than 14 successful years, most recently in the position of Group CFO. In this role, George has been instrumental in implementing Swiss Re’s strategy and establishing the new company structure and operating model.”
Zurich’s CEO Martin Senn welcomed Quinn to Zurich, indicating that the “wealth of experience he brings makes him a great addition to our Group. We are delighted to welcome him at this important time as we implement the strategic direction for 2014-2016 outlined at our recent Investor Day. With his strong track record as CFO, George is very well positioned to contribute to the delivery on Zurich’s strategy and help take the company to the next level.”
Senn also thanked Vibhu Sharma, who has been acting as interim CFO, while also maintaining his role as Group Controller. He will remain interim CFO until May 2014 and will continue in his position as Group Controller.
Sources: Swiss Re and Zurich Insurance