Fairfax Financial Holdings Limited: Executive Announcement
February 13 2020 - 5:01PM
Fairfax Financial Holdings Limited (“Fairfax”) (TSX: FFH and FFH.U)
announces that after 17 years of dedicated service, Paul Rivett has
decided to retire as President of Fairfax in order to spend full
time with his family. Paul has agreed to continue as the
Chair of certain Fairfax investees, including Fairfax Africa and
Recipe Unlimited.
Prem Watsa commented, “Paul told me recently
that for family reasons, he wanted to retire as President of
Fairfax. It was with great sadness that I accepted his decision.
For 17 years, Paul has given his all and has been instrumental in
our success over that time. I have had the pleasure of working very
closely with Paul all those years and I will miss him greatly. He
retires with our gratitude and best wishes to him, his wife and his
children in his retirement. I and other Fairfax executive personnel
will be assuming Paul’s responsibilities.”
Paul Rivett commented, “There is no better place
to work than Fairfax. Working with Prem and the entire
Fairfax family has been a joy, an honour and a privilege. It
has been incredible participating in helping grow the company over
the years, working with such talented people, and assisting other
organizations and individuals along the way. I am so grateful
for my time at Fairfax, and I look forward to watching the exciting
future of the organization continue to unfold.”
Fairfax is a holding company which, through its
subsidiaries, is engaged in property and casualty insurance and
reinsurance and the associated investment management.
For further information contact: |
John Varnell, Vice President, Corporate Development at |
|
(416) 367-4941 |
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