GHL gets new Group CEO
Guardian Holdings Ltd (GHL) yesterday announced that Ravi Tewari will assume the position of Group chief executive officer effective January 1, 2014.
He will replace Jeffrey Mack who retires on December 31.
GHL said in a statement that Tewari, who has been with the Group since 1999, has served in an executive capacity since 2000.
At present, he is the Group president of the Life, Health and Pensions business segment responsible for these business lines across the Group’s areas of operations.
In addition, he is president of the Trinidad and Tobago-based Guardian Life of the Caribbean Ltd.
An island scholarship winner and a Fellow of the Institute of Actuaries, Tewari earned his Bachelor of Science in Actuarial Science (First Class Honours) from Cass Business School, England.
Arthur Lok Jack, chairman of GHL, who made the announcement, said: “Ravi brings to the position a combination of wide experience, a strong technical background and a proven record of successfully managing the Group’s largest segment. The GHL board and I are convinced that Ravi is ready to take on this new challenge. Ravi has all the right qualities to be a successful CEO and to lead the Group’s future growth strategy.”
He also announced that Mack will remain on the GHL board as a non-executive director until the next annual general meeting and until such time, he will be available to assist in the leadership transition.
Lok Jack stated: “Jeff has been a great asset for the Group. He brought with him a wealth of international experience and a proven ability to turn around companies. When Jeff joined us in 2009, the world was in deep financial crisis presenting insurance companies with formidable challenges. He led the Group through the ensuing difficult period with great success. He skilfully managed the disposal of our operations in the UK and our asset management company in Jamaica, as well as the expansion of our Dutch and Jamaican insurance businesses. I am pleased that we will continue to benefit from Jeff’s experience on the board as this will add greatly to a successful transition.”
As part of the executive changes, GHL further announced the appointment of Anand Pascal to the position of president of Guardian Life of the Caribbean Ltd (GLOC) with effect from January 1, 2014. This change is subject to regulatory approval.
Pascal, who joined the Group in 1997, has been chief operating officer of GLOC since 2009.
He is a certified chartered accountant and is currently chairman of the Life Committee of the Association of Trinidad and Tobago Insurance Companies (ATTIC).
Tewari expressed his sentiments on Pascal’s promotion, stating: “Anand brings with him both financial and operational experience to his new position. He will make an excellent leader of GLOC.”