Following the company’s annual shareholder meeting, Jersey City-based global data analytics provider Verisk on May 25 confirmed the previously announced appointment of Lee Shavel to CEO and Mark Anquillare to president.
Shavel was also elected to the Verisk board of directors, for which the company also announced three new independent directors: Jeffrey Dailey, Wendy Lane and Kimberly Stevenson.
“Verisk has a profound opportunity to help the insurance industry evolve in a new digital environment, integrate and activate rapidly growing data sets and achieve new levels of efficiency. With our industry knowledge, technical expertise and established client relationships, we are uniquely positioned to address their needs as an essential technology partner,” Shavel said. “I’m humbled to assume the role of Verisk CEO, and I will be focused on value creation for our customers, colleagues and shareholders. This is a great responsibility and one I truly cherish.”
Shavel previously served as CFO and group president for Verisk. His replacement will be announced at a later date.
Anquillare had served as COO and group president. Along with Shavel, the two are credited with fueling Verisk’s growth, increased efficiency and innovation agenda.
“With a sharpened focus on serving the insurance industry, we’ve optimized our path toward continued growth and enhanced value creation,” Anquillare said. “At such a pivotal moment for the industry, Verisk is poised to empower new opportunities for our customers and colleagues around the globe.”