Specialist insurer Beazley has announced that its chair, David Roberts, will be stepping down from the board this fall to take up a role as chair of the Court of the Bank of England.
In the event a new chair has not been named by that time, Christine LaSala, the senior independent director, will chair the board and the nomination committee on an interim basis. Bob Stuchbery will act as interim senior independent director, and Nocola Hodson will act as interim chair of the remuneration committee while the company undertakes a search for a replacement board chair.
When a chair is appointed, the directors will resume their usual responsibilities, Beazley said.
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“I would like to thank David Roberts for the important role he has played at Beazley over the past five years, most notably as we faced the challenges of COVID-19 and the transformation of our executive management team,” LaSala said. “In particular, the board would like to thank David for the leadership he has shown in improving diversity and inclusion at Beazley.
“He leaves us a stronger business with an exciting future. As a business focused on risk management and insurance, we are committed to providing stability and continuity to all our stakeholders. We are now embarking on a process of selecting a successor, and we will provide an update in due course.”