Zurich's EMEA CEO to Step Down, Leave Executive Committee

   By Pietro Lombardi

Zurich Insurance Group AG (ZURN.EB) said on Thursday that Gary Shaughnessy will leave the company's executive committee and step down from his role as CEO EMEA in the fourth quarter of the year.

Amanda Blanc, who is joining the Swiss company from France's AXA SA (CS.FR), will succeed him both as CEO EMEA and member of the executive committee.

"Mr. Shaughnessy has decided to step down from a full-time role to ensure a balance of time devoted to health, work, family and personal commitments following his diagnosis several years ago with Parkinson's disease," the company said.

Mr. Shaughnessy will maintain other roles within the company, Zurich said. He joined the company in 2012 as CEO of Zurich UK Life. In 2016 he became a member of the executive committee and then CEO EMEA.

Write to Pietro Lombardi at pietro.lombardi@dowjones.com

(END) Dow Jones Newswires

April 05, 2018 09:03 ET (13:03 GMT)

Zurich Insurance (QX) (USOTC:ZURVY)
Historical Stock Chart
From May 2024 to Jun 2024