Novae Group appoints Charles Fry as CFO
New CFO to take up the post during Q2 2013
By CFOWorld.co.uk staff | CFO UK | Published 10:54, 05 December 12
Wholesale insurance underwriter Novae Group has appointed Charles Fry as its new CFO.
In statement on Wednesday, the company said Fry is expected to take up his position during the second quarter of 2013. He will also be appointed to the group's board as an executive director, pending FSA approval.
Previously, Fry was the CFO for global reinsurance intermediary Guy Carpenter in New York between April 2007 and June 2010. Prior to that, he worked with Apax Partners on their investment in Travelex Group.
In a statement, Matthew Fosh, group chief executive of Novae, said, “Over the past three years we have focused on driving up returns within the business. In the next three years our focus will shift towards developing growth areas within the business, and Charles has precisely the mix of knowledge and experience needed to help us do that."
Novae announced the resignation of former CFO Oliver Corbett on 23 August as he took up his new role at LCH.Clearnet on 1 December. Pending Charles Fry's arrival, Mark Hudson, Novae's director of finance, will serve as acting CFO.
Share:Facebook Twitter Google Plus Stumble Upon Reddit Share This Email this article
'If you don't have honesty and integrity you will get found out'more ..
Andrew Brem's chief digital officer appointment comes two months after Phil Pavitt left insurer to take up Global CIO role at Specsaversmore ..
The former CEO cited a busy schedule, particularly involving his LA Clippers basketball team, for his resignationmore ..
But wage growth plunges to 0.2% on a year agomore ..
Look for a non-executive when appointing peersmore ..
OPINION: Tips from an experienced chief security officer on how best to enable flexible workingmore ..