Markel Corp said its vice chairman is retiring by the end of 2017, and its chief financial officer will be leaving in early 2019.

Markel Vice Chairman F. Michael Crowley said he will retire on Dec. 31, 2017. He’s been vice chairman since August 2016, and previously served as president and co-chief operating officer of Markel Corp. from 2010 to 2015. Crowley first joined Markel in February 2009 as president of Markel Specialty.

Alan Kirshner, Markel’s executive chairman and chairman of the board, said in prepared remarks that the insurer benefited from Crowley’s “industry knowledge, managerial experience and relationships throughout the industry.”

Markel said Kirshner will transition his duties and relationships with key producers and clients to designated employees leading up to that point. Right now, the 66-year-old executive oversees sales and marketing, producer and client relationships and distribution strategy for Markel. Starting in 2019, he’ll consult for the Virginia-based company.

CFO Departing

At the same time, Anne Waleski, Markel’s executive vice president and CFO, will transition from her role as chief financial officer by the end of the 2019 first quarter, according to Markel. Jeremy Noble will succeed her. Noble is currently finance director of Markel International, and Markel said it will transition CFO duties and responsibilities to Noble through 2018 and early 2019 until his new role as CFO is official.

Waleski, 50, had been chief financial officer since 2010, and was promoted to executive vice president in 2015. Waleski has been with Markel since 1993 and served in a number of management positions before becoming treasurer in 2003.

“The significant success we have enjoyed at Markel is a direct result of [Waleski’s] many contributions,” Markel co-chief executive officer Richard Whitt III said in prepared remarks. “We are excited for Anne as she makes more time to pursue her many other passions.”

New CFO a Markel Veteran

Noble, 41, has been finance director for Markel International since June 2015. He joined Markel in 2002 and held a number of roles in the company’s Accounting and Finance Department, including Assistant Controller, before becoming its Managing Director of Internal Audit in 2011.

Noble “possesses a wealth of knowledge and experienced across the various disciplines of accounting, audit and finance, as well as deep understanding of our various operations, both domestically and internationally, including insurance and Markel Ventures,” Whitt said. “We look forward to working more closely with him as he assumes his new role.”

Source: Markel