Re/insurance holding company Fairfax Financial Holdings has announced the appointment of Jennifer Allen as the group’s Chief Financial Officer.
Allen succeeds John Varnell, who will cease serving as CFO in an interim capacity and continue on as Vice President, Corporate Development of Fairfax.
She has been with Fairfax for over 13 years, most recently serving as Vice President and CFO of both Fairfax India and Fairfax Africa. Amy Sherk has been appointed to succeed Allen in these positions .
Sherk has been with Fairfax for over 15 years, most recently serving as Assistant Vice President of Investment Accounting.
“We are so fortunate to have the executive depth within our group to continue, as we have in the past, to allow our personnel to move between roles,” said Prem Watsa, Chairman and Chief Executive Officer of Fairfax.
“We thank John for his tireless dedication to Fairfax and serving as interim CFO. Jennifer has done an outstanding job for Fairfax in all her numerous roles over the past decade.”
“We also know from our long relationship with Jennifer that she has both the knowledge and experience to seamlessly assume the CFO position at Fairfax.”