Fairfax Makes Executive Changes

Fairfax Financial Holdings Limited announced that Trevor Ambridge, after serving as CFO for seven years, will now concentrate full-time on his leadership of various strategic projects within the Fairfax group.

Greg Taylor, whom the company said “has done outstanding work as Chief Financial Officer of Fairfax’s Northbridge subsidiary since its formation,” will take over as Fairfax CFO.

Fairfax noted that these changes were “in continuation of its practice of moving executives from time to time between challenging positions.”

John Varnell, who retired as Fairfax’s CFO and was succeeded by Ambridge, will take up the post of CFO at Northbridge where he is presently a director.

Fairfax Chairman and CEO Prem Watsa commented: “We are fortunate to have the executive quality within our group to continue, as we have in the past, to move our personnel between roles so that each of them finds the greatest satisfaction. Trevor has contributed very significantly both in time and ability to every aspect of Fairfax’s financial matters throughout the seven years since his arrival. Greg has demonstrated over time, including most recently at Northbridge, that he has the skills, experience and energy to assume the Chief Financial Officer function at Fairfax. And we of course know from our long relationship with John that he has the experience, knowledge and personality to seamlessly assume the Chief Financial Officer position at Northbridge.”