Target found: new SUN CEO
(1 July 2009 – Australia) Suncorp has found the new chief executive it has spent five months looking for, one with a solid background in insurance, Patrick Snowball.
Suncorp Chairman John Story today announced that Patrick Snowball has been appointed and will commence as CEO on 1 September 2009.
The announcement follows an exhaustive domestic and international search that has ended nearly five months after previous chief, John Mulcahy announcement that he would step down from the job in February.
The choice of a chief executive with insurance experience suggests how the banking and insurance company may focus its future strategy.
Suncorp said that Snowball has a strong background in insurance that includes an extensive career at Aviva, where he was a member of the executive team.
Aviva is the world’s fifth largest insurance group and the largest insurance services provider in the United Kingdom.
For the past two years, he worked with the Towergate group of companies in both a deputy chairman and chairman’s role. Towergate is Europe's largest independently owned insurance intermediary.
Mr Snowball has overseen businesses with operations in the United Kingdom, Ireland, Canada, India and Asia.
Mr Story said Snowball is uniquely qualified to lead Suncorp through a period of fundamental change and renewed growth as the company reshapes itself to respond to the challenges of the external market.
The announcement follows an exhaustive domestic and international search that has ended nearly five months after previous chief, John Mulcahy announcement that he would step down from the job in February.
The choice of a chief executive with insurance experience suggests how the banking and insurance company may focus its future strategy.
Suncorp said that Snowball has a strong background in insurance that includes an extensive career at Aviva, where he was a member of the executive team.
Aviva is the world’s fifth largest insurance group and the largest insurance services provider in the United Kingdom.
For the past two years, he worked with the Towergate group of companies in both a deputy chairman and chairman’s role. Towergate is Europe's largest independently owned insurance intermediary.
Mr Snowball has overseen businesses with operations in the United Kingdom, Ireland, Canada, India and Asia.
Mr Story said Snowball is uniquely qualified to lead Suncorp through a period of fundamental change and renewed growth as the company reshapes itself to respond to the challenges of the external market.
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