The U.S. division of reinsurance giant Hannover Re, Hannover Life Reassurance Company of America (Hannover Re US), has announced that Chief Financial Officer (CFO) David Wheat is to retire later this year, and be replaced by Clint Thompson.
Effective June 30th, 2017, Wheat will retire from his position as Executive Vice President (EVP) and CFO of Hannover Re US, after a career in the insurance and reinsurance industries that’s spanned an impressive 35 years.
Prior to his time with Hannover Re US Wheat held executive roles at ING Americas and spent 17 years with EY.
“David has served as CFO since 2010, and his leadership and expertise has been an important contributor to our success. We wish David the very best,” said Peter Schaefer, President and Chief Executive Officer (CEO), Hannover Re US.
Currently Chief Risk Officer (CRO) of the firm, Clint Thompson has been promoted to succeed Wheat as EVP and CFO at Hannover Re US, the firm has revealed.
“Clint has done an outstanding job building a first-class risk organization. I am confident that Clint will add immediate value to the organization in his new and expanded role,” said Schaefer.
At the same time as the announcement of the imminent change of EVP and CFO, the reinsurance giant also announced that Lisa Smith has been promoted to EVP and Chief Operations Officer (COO), effective January 1st, 2017. In her new role she will be responsible for Information Technology, Human Resources and the Mortality Solutions business for Hannover Re US.
Schaefer said; “With Lisa’s excellent track record of operational leadership, combining our operations, information technology and human capital under her guidance will serve our organization well going forward.”