Data analytics provider, Verisk, said Feb. 18 that several leadership changes and expanded responsibilities for members of its executive management team are taking place. The changes reinforce the Jersey City-based firm’s commitment to building cohesive leadership teams that accelerate long-term growth.
Kathy Card Beckles joins Verisk as executive vice president, general counsel and corporate secretary effective April 5. Mark Anquillare has been appointed group president and will expand his responsibilities to include oversight of Enterprise Risk Management. Lee Shavel has been appointed group president and will expand his responsibilities to include operational oversight of the energy, specialized markets and financial services segments.
“We’re thrilled to have Kathy join our already deep and talented Verisk executive management team to lead our world-class legal function,” said Scott Stephenson, president, chairman and CEO of Verisk. “Kathy brings extensive experience in intellectual property and technology and significant expertise partnering with and advising boards of directors and management teams. I look forward to Kathy formally joining Verisk and working with her to advance our long-term strategy.”
“Verisk has a distinguished reputation for leveraging data in ways that have a transformative impact on a diverse set of industries,” Card Beckles said. “The company’s commitment to an inclusive and innovative culture has been a driving force and I’m ready to join the team in accelerating its values-driven approach to achieving business goals.”
Card Beckles, will replace Kenneth Thompson, who announced his retirement late last year. To ensure a smooth transition, Thompson will continue with the company as executive counsel.
Anquillare, who currently serves as Verisk’s chief operating officer, will add oversight of the company’s Enterprise Risk Management function to his current responsibilities of leading the company’s insurance and government-facing businesses as well as customer experience. This move more closely ties the company’s enterprise risk assessment and management with the business’s core operations.
“Our business and industry have changed significantly in my almost three decades with Verisk. I am proud of the customer focus, innovation and operational excellence that we have achieved while responding to ever-changing market conditions,” Anquillare said. “I have been incredibly fortunate to work with great leaders and talented teams. The company provides challenging and fulfilling career paths marked by a steady cadence of new and rewarding opportunities to build the future together with customers.”
Shavel, who currently serves as Verisk’s chief financial officer, will add oversight responsibility for the operations of the company’s energy, specialized markets and financial services segments. This strengthens the link between the company’s capital allocation discipline and business unit operations.
“Having worked closely with the leaders of our energy, specialized markets and financial services businesses as CFO,” Shavel said, “I am delighted to have the opportunity to further collaborate with them operationally to create value for our shareholders and equally to return to two dynamic industries where I focused much of my career in investment banking.”
Card Beckles joins Verisk from Chase Consumer Bank, where she served as general counsel. Before that, she was managing director and associate general counsel of intellectual property and technology at JP Morgan Chase. Prior to becoming in-house counsel, Card Beckles practiced law at the firm Kenyon & Kenyon. She started her career as an engineer before deciding to pursue a law degree.
She earned a bachelor’s degree in chemical engineering from the University of Delaware and a law degree from George Washington University. Card Beckles is a board member and founder of the TEHEKA Scholarship, which provides financial and mentoring resources to women studying engineering. She is also on the board of directors of Mobilization for Justice, an organization that offers free legal assistance to seniors, people with disabilities and low-income New Yorkers.
Anquillare joined Verisk nearly 30 years ago to modernize the finance function at the company. His career at Verisk is marked by key financial roles of increasing responsibility, culminating in his appointment as COO in 2016. His previous Verisk leadership positions include CFO from 2007 to 2016 and controller from 2000 to 2007. An active member of the community, Anquillare serves on the Rutgers Business School Advisory Board.
Shavel joined the company as CFO in 2017, prior to that he was the CFO of Nasdaq. Shavel also was managing director and Americas head of financial institutions investment banking at Bank of America Merrill Lynch. He serves on the board of directors of FactSet Research Systems and chairs the audit committee. Shavel also serves on the board of trustees for NJ SEEDS, an educational nonprofit.