Everest Group, Ltd. announced that Joseph V. Taranto, current board chair, will retire from the role when his term expires in May. Taranto has served as chairman of Everest’s board since 1994 and as CEO from 1994 through 2013.

The company also announced John Graf, current independent board member since 2016, and non-executive vice chairman of Global Atlantic Financial Group, has been nominated by the board for election to succeed Taranto as chair at the May 2025 Annual Shareholders Meeting.

“We are deeply grateful for Joe’s steadfast leadership and commitment to Everest over several decades,” said Jim Williamson, Everest president and CEO. “Under Joe’s guidance, Everest has grown into a global P&C market leader with significant value potential. Looking to the future, we are delighted to nominate John to build on this strong foundation. John is a proven asset to our Board, providing experience and insight that supports Everest’s next chapter and our strategy to deliver exceptional service and shareholder returns.”

“I have had the privilege of steering Everest through many facets of growth and milestones including its early evolution as a public company and its expansion into key global insurance markets,” said Taranto. “I want to thank my esteemed fellow directors, as well as Jim and his management team, for their dedication and partnership over the years. I am confident that Everest is positioned with the right talent and platform for a new era of opportunity and continued success in the future.”