Charles Taylor, a provider of services and technology solutions to the insurance sector, has announced numerous changes to its Board and Executive Committee, including the departure of Group Chief Executive Officer (CEO), David Marock.
At the same time, Edward Creasy has been appointed Executive Chairman for the Group from his previous role as non-executive director. In addition, Richard Yedbury has been promoted to Group Chief Operating Officer (COO), and Tamer Ozmen has re-joined the company’s Board.
The company says that these additions are intended to accelerate its next phase of growth in the years ahead.
Commenting on the changes, Creasy said: “The services we provide, how clients interact with us and the Charles Taylor experience has never been more important. Working together with our partners, Lovell Minnick, it is our intention to build and expand on what has been achieved under David’s leadership, by continuing to grow our distinctive market position as the provider of professional services and technology solutions supporting every stage of the insurance lifecycle and every aspect of the insurance operating model.”
After nearly nine years with Charles Taylor, Marock has decided to step down from the role and leave the company, and has offered his support during the transition period. Charles Taylor notes that the Board is initiating a search for a permanent CEO. Furthermore, Creasy will remain Executive Chairman until the search for a new Group CEO is complete, explains the firm.
Commenting on his decision to leave the firm, Marock said: “This was a most difficult decision. I am grateful for having had the privilege to lead the organisation. I am particularly proud that together we have made it a great place to work, one that has flourished into a vibrant, client-focused, entrepreneurial, and much enlarged, successful business.
“At the same time, after so many years of intensive focus, I feel a strong need to have time to recharge fully, reflect, and ultimately decide on the next stage of my career.”
Creasy added: “Over the past nine years, David has done an excellent job in the successful transformation of Charles Taylor and has proven himself to be a dedicated, adept and inspiring leader in building the business. Under his leadership, Charles Taylor has grown substantially on numerous fronts, just as important, we have developed a reputation as being one of the best companies to work for in the global insurance market. We are sad to see him go, and wish him all the best in his future endeavours.”
Creasy, a Lloyd’s market veteran and founder of the Lloyd’s Franchise Board, has worked at Charles Taylor for six years and was appointed Group Chairman in 2015. Previously, he served as the CEO of Kiln plc and went on to serve as Chairman of the Kiln Group from 2001 to 2010. Currently, he serves as a director of WR Berkley Syndicate Limited and Deputy Chairman of WR Berkley Syndicate Management Limited.
Yedbury has been with the firm for more than five years and before his promotion to COO served as Corporate Development and Operations Director. Before joining Charles Taylor, he was a Principal with Bain & Company in the Financial Institutions team.
Ozmen, previously a senior director at Microsoft, rejoins the Charles Taylor Board and brings a wealth of technology experience. In addition to his role on the Board of Charles Taylor, he also sits on the Boards of Netcall plc and IWP. Previously, he ran Microsoft UK and was also Managing Director of Microsoft Turkey for more than five years.
