The longtime chief financial officer of CNA Financial Corp. is retiring at the end of the year, the company disclosed.

D. Craig Mense, who is also an executive vice president, plans to move on effective Dec. 31, 2018. Mense has made his impact felt at the insurer for a long time, CNA CEO Dino Robusto said in prepared remarks.

Mense “joined CNA in 2004 and has served as an influential CFO to me and two of my predecessors,” said Robusto, who became the insurer’s CEO in late 2016, succeeding Thomas Motamed.

Robusto added that Mense’s “enduring legacy is evidenced in the financial strength of our company. His steadfast, disciplined leadership has built lasting market confidence and influenced many employees who have learned from him.”

CNA’s succession plan has led to the appointment of an internal candidate to succeed Mense: James Anderson, senior vice president and head of Financial Planning & Analysis and Corporate Development. Anderson, a part of CNA since 2012, has been part of the Finance leadership team since that time. Mense will officially transition the CFO role to Anderson during the 2018 third quarter, though he will remain with CNA through his retirement date.

Before joining CNA, Anderson spent almost a decade in investment banking with a focus on the insurance industry, ultimately as a managing director at Macquarie Capital. That stint followed five years of consulting at Accenture.

Source: CNA