Enstar Announces CFO Succession Plan
May 22 2017 - 5:16PM
Enstar Group Limited (Nasdaq:ESGR) today announced its succession
plan for Chief Financial Officer, Mark Smith. Smith has
served as Enstar’s CFO since August 2015 and will step down on
December 31, 2017. He will move into a consulting role for
Enstar beginning January 1, 2018.
Guy Bowker, Chief Accounting Officer and Deputy
CFO, will assume the role of Chief Financial Officer on January 1,
2018. Bowker joined Enstar in September 2015.
Previously, he served as Senior Vice President - Controller of
Platinum Underwriters Holdings, Ltd. and as Director of Finance for
AIG in Bermuda. He began his career at Deloitte in its
insurance practice.
Dominic Silvester, Chief Executive Officer,
said: “Mark has played an essential role during an important period
in Enstar’s growth, and I am grateful for his contributions. When
he joined us in 2015, his key objectives were to strengthen the
Group Finance function and to develop a successor, which he has now
accomplished. In Guy Bowker, we have identified a talented
professional whose expertise and dedication make him an excellent
successor to Mark. I am confident that as CFO and a member of the
executive leadership team Guy will be able to make an even more
significant contribution to Enstar. Mark and Guy will prepare for
the transition throughout the year, and Mark will continue his work
with Enstar as a senior advisor after January 1, 2018.”
About Enstar
Enstar is a multi-faceted insurance group that
offers innovative capital release solutions and specialty
underwriting capabilities through its network of group companies in
Bermuda, the United States, the United Kingdom, Continental Europe,
Australia, and other international locations. Enstar is a market
leader in completing legacy acquisitions, having acquired over 75
companies and portfolios since its formation in 2001, and has over
$14 billion in total assets. Enstar’s active underwriting
businesses include the StarStone group of companies, an A- rated
global specialty insurance group with multiple global underwriting
platforms, and the Atrium group of companies, which manage and
underwrite specialist insurance and reinsurance business for
Lloyd’s Syndicate 609. For further information about Enstar, see
www.enstargroup.com.
Cautionary Statement
This press release contains certain forward-looking statements
within the meaning of the Private Securities Litigation Reform Act
of 1995. These statements include statements regarding the intent,
belief or current expectations of Enstar and its management team.
Investors are cautioned that any such forward-looking statements
speak only as of the date they are made, are not guarantees of
future performance and involve risks and uncertainties, and that
actual results may differ materially from those projected in the
forward-looking statements as a result of various factors.
Important risk factors regarding Enstar can be found under the
heading "Risk Factors" in Enstar's Form 10-K for the year ended
December 31, 2016 and are incorporated herein by reference.
Furthermore, Enstar undertakes no obligation to update any written
or oral forward-looking statements or publicly announce any updates
or revisions to any of the forward-looking statements contained
herein, to reflect any change in its expectations with regard
thereto or any change in events, conditions, circumstances or
assumptions underlying such statements, except as required by
law.
Contact: Mark Smith
Telephone: +1 (441) 292-3645
Enstar (NASDAQ:ESGR)
Historical Stock Chart
From Mar 2024 to Apr 2024
Enstar (NASDAQ:ESGR)
Historical Stock Chart
From Apr 2023 to Apr 2024