The Board of Directors of Everest Re Group Ltd. has been informed by its President and Chief Executive Officer Dominic J. Addesso that he will retire at the end of his contract term on Dec. 31, 2019.
As a result, the board is undertaking a search as part of its succession planning process which will include a review of internal and external candidates for the position effective in 2020.
In November 2017, the Everest board extended Addesso’s contract to the end of 2019.
Joseph V. Taranto, chairman of the board, stated, “Dom has done a great job of growing Everest and positioning us for the future. We are thankful for his continued leadership.”
Addesso joined Everest in 2009 as executive vice president and chief financial officer, and was promoted to president in 2011. Before Everest Re, he was president of regional markets for Munich Re America.
Addesso became chief executive officer on Jan. 1, 2014, replacing Joseph Taranto, who retired.
Source: Everest Re Group
Related:
Was this article valuable?
Here are more articles you may enjoy.
Progressive Q2 Net Income Skyrockets Over 320% 
Elon Musk Beats $500 Million Severance Lawsuit by Fired Twitter Workers 
Beryl’s Remnants Spawned 4 Indiana Tornadoes, Including an EF-3: NWS 
Hacker Says AT&T Paid About $400,000 to Erase Sensitive Data 
