TORONTO and BARBADOS, Jan. 26,
2023 /CNW/ - Sagicor Financial Company Ltd. (TSX:
SFC) ("Sagicor" or "the Company") today announced that Dodridge D. Miller will retire as President and
Chief Executive Officer effective as of the end of March 2023. Mr. Miller will step down from his
current executive duties after more than 30 years of service to
Sagicor, including serving as President and Chief Executive Officer
since 2002. Mr. Miller will continue to serve on Sagicor's Board of
Directors.
Sagicor's Board of Directors has appointed Sagicor's Group Chief
Operating Officer and Chief Financial Officer Andre G. Mousseau to succeed Mr. Miller as
President and Chief Executive Officer, effective April 1, 2023. Mr. Mousseau will also join the
Company's Board of Directors on that date.
Mahmood Khimji, Chairman of
Sagicor, said "On behalf of the Board, I would like to thank
Dodridge for his exceptional contribution to Sagicor for over 30
years. Under his tenure, Sagicor grew from a mutual company with
less than $100 million of assets to a
publicly listed multi-national corporation with over $10 billion of assets. Sagicor has greatly
benefitted from Dodridge's visionary leadership to become the
leading financial services provider in the Caribbean with an exciting growth platform in
North America."
Mr. Khimji further stated, "As Dodridge approached his planned
retirement age, the Board of Directors undertook a thorough
succession process including taking guidance from external
advisors. The Board of Directors unanimously supported the
succession of Andre to the role of President and CEO. Andre has
worked hand in hand with Dodridge in developing and executing
Sagicor's strategy since he joined the Company in 2019. We believe
Andre is the right individual to drive forward with the next stage
of Sagicor's growth."
Mr. Miller said "Sagicor is a remarkable forward-looking
company, served by dedicated and hardworking employees. It was an
honour to lead this great company for 20 years. As I step away from
my current role, I am delighted to pass the baton to Andre Mousseau. Andre has worked very closely
with me over the last four years and has been instrumental in the
execution of many of our strategic initiatives during this time. I
am confident that Andre is the right person to lead Sagicor through
the next phase of its development."
Mr. Mousseau said "I am honoured to be appointed to lead this
great organization. I look forward to continuing to work with
Sagicor's talented team as we execute on our growth initiatives,
with a clear focus on delivering value to our customers,
communities and shareholders."
Mr. Mousseau joined Sagicor as Group Chief Financial Officer in
2019, leading Sagicor's finance function, capital raising efforts
and overseeing its investment and acquisition strategy. He was
subsequently promoted to Group Chief Operating Officer, in addition
to his oversight of Sagicor's financial operations, in 2021. In
this expanded role, he has direct oversight of the group's major
operating subsidiaries. He also serves as Chief Executive Officer
of Sagicor's U.S. operating subsidiaries. Prior to joining Sagicor,
Mr. Mousseau had nearly 20 years of experience in financial
services including over a decade as a senior private equity
investor at EdgeStone Capital Partners, the Ontario Teachers'
Pension Plan, and most recently as a Partner at Alignvest Private
Capital. Mr. Mousseau serves as a director on the boards of several
of Sagicor's subsidiaries and associated companies. He also
previously served as a director on the boards of Aurigen
Reinsurance, Edgewood Health Network, Impark, and Premier
Lotteries.
Sagicor is engaged in a process to name a replacement for Mr.
Mousseau as Group Chief Financial Officer.
About Sagicor Financial Company
Ltd.
Sagicor Financial Company Ltd. (TSX: SFC) is a leading financial
services provider in the Caribbean, with over 180 years of history, and
has a growing presence as a provider of life insurance products in
the United States. On August 25, 2022, Sagicor announced that it
entered into a definitive agreement to acquire ivari, a leading
middle-market individual life insurer in Canada with over 80 years of history in the
region. Sagicor offers a wide range of products and services,
including life, health, and general insurance, banking, pensions,
annuities, and real estate. Sagicor's registered office is located
at Clarendon House, 2 Church Street, Hamilton, HM 11, Bermuda, with its principal office located at
Cecil F De Caires Building, Wildey, St.
Michael, Barbados. Additional information about
Sagicor can be obtained by visiting www.sagicor.com.
SOURCE Sagicor Financial Company Ltd.