Beazley CFO to depart the enterprise

Specialist insurer Beazley has right now revealed that its long-standing chief monetary officer Sally Lake has knowledgeable the board of her intention to depart the enterprise in 2023.

Commenting on her resolution, Lake mentioned: “As I approach five years as CFO and after 18 years at Beazley, I believe now is the right time for the board to begin an open, formal search for my successor. Beazley’s continued success remains my priority and I will look forward to remaining focused on delivering on our goals and a structured handover to my successor in 2024.” 

In a Press launch, Beazley revealed that the board will now conduct an “orderly process” for an exterior successor, which is able to full throughout Lake’s 12-month discover interval.

Beazley CEO Adrian Cox mentioned Lake’s dedication to an “orderly succession” will conclude her outstanding profession at Beazley. He famous that he and Lake have been colleagues at Beazley for over 17 years and mentioned he’ll miss working together with her.

“She is an outstanding colleague and role model who is dedicated to delivering Beazley’s sustainable growth agenda,” he mentioned. “We will thank Sally wholeheartedly for her leadership and valued contribution when she leaves next year and wish her every success in her next chapter.”

Cox added that he appears to be like ahead to presenting Beazley’s half-year outcomes and capital technique alongside Lake on September 7, 2023. Meanwhile, he mentioned, the insurer’s steering on progress, mixed ratio and the optimistic outlook for the enterprise stay unchanged.

Clive Bannister, chair of Beazley Plc, additionally commented on the information and mentioned: “The board takes this opportunity to thank Sally for her substantial contribution to Beazley’s success.”

What are your ideas on this story? Feel free to share them within the remark field under.