Selective Insurance Group has announced that Mark Wilcox, Executive Vice President and CFO, has resigned, effective November 3, with Anthony (Tony) Harnett, Senior Vice President, and Chief Accounting Officer, assuming the additional role of Interim CFO until a permanent successor is appointed.
Harnett joined Selective in 1999 as a Senior Accountant and held various finance positions before he was promoted to Vice President, Controller in 2008 and Senior Vice President, Corporate Controller in 2010. He holds extensive experience in auditing, financial analysis and reporting, and risk management, having previously served in financial roles at Toys”R”Us and Deloitte.
Selective said it has already initiated a global search process to identify a new CFO.
John Marchioni, Selective’s Chairman, President and CEO, commented, “Mark has been my trusted partner and an excellent leader of our Finance team for nearly seven years. On behalf of the Board of Directors and our entire team, I thank Mark for his many contributions.
“Throughout his time with Selective, we have continued to deliver consecutive double-digit non-GAAP operating returns on equity. We are pleased that he will assist us in a seamless transition and wish him well in his future endeavors.”
Wilcox said, “It has been an honor to be a part of Selective and work alongside John and such a talented team. With its strong financial profile and flexibility, I am confident that Selective is well-positioned to continue delivering profitable growth over the long term. I look forward to watching its continued success.”
Marchioni continued, “We are fortunate to have someone of Tony’s caliber step into the Interim CFO role. Tony is a seasoned executive with nearly 30 years of finance and accounting experience.
“Having served as Selective’s Chief Accounting Officer since 2016, he has extensive knowledge of the Company and our financials. We are confident that Tony, with the support of our strong Finance team, is well equipped to support the continued execution of our financial priorities while we search for a permanent CFO.”
