Markel CFO Anne Waleski prepares for her departure

  • Push-out Score suggests push-out forces
  • Accolades, praise and thanks for Waleski
  • Jeremy Noble taking over

(exechange) — Richmond, Virginia, November 16, 2017 — Anne Waleski, finance chief of Markel, leaves. Her departure is made public at an early stage. As announced by Markel Corporation in a news release on Thursday, November 16, 2017, Anne G. Waleski leaves the post as Chief Financial Officer at the insurance company after almost nine years in the position, effective by the end of the first quarter of 2019.

Long goodbye

It is a long goodbye. The announcement of Waleski’s move comes up to 16 months prior to her planned departure from the post of CFO.

In general, a top executive who announces the departure very early may be considered a lame duck.

Waleski’s duties are taken over by Jeremy Noble, currently Finance Director at Markel International.

Waleski’s move is part of a management shake-up also involving the position of Vice Chairman.

No reason given

In the announcement, Markel did not explicitly explain the reason for Waleski’s move, leaving room for speculation.

Precise information about the future plans of Waleski was not immediately available.

“Transition from her role”

Markel said: “Anne G. Waleski, the Company’s Executive Vice President and Chief Financial Officer, plans to transition from her role as Chief Financial Officer of the Company by the end of the first quarter of 2019.”

Share price rise since April 2009

The change follows a rise in the share price of Markel Corporation since April 2009.

Chaired by Alan I. Kirshner

Markel Corporation is chaired by Alan I. Kirshner.

CEOs: Thomas S. Gayner and Richard R. Whitt, III

Thomas S. Gayner and Richard R. Whitt, III serve as Co-CEOs of Markel Corporation.

Thomas Sinnickson Gayner has been Co-Chief Executive Officer of Markel Corp. since January 1, 2016.

Richard R. Whitt III has been Co-Chief Executive Officer of Markel Corp. since January 1, 2016.

In the position of CFO since 2010

Anne G. Waleski has been the Chief Financial Officer of Markel Corp. since May 2010.

Waleski has been the Company’s Chief Financial Officer since 2010, and was promoted to Executive Vice President in 2014.

She joined the Company in 1993 and served in several management positions before being named the Company’s Treasurer in 2003.

Over the course of 2018 and the first quarter of 2019, the Company plans to transition the duties and responsibilities of the Chief Financial Officer to Noble.

Push-out Score suggests push-out forces

It is not completely certain what forces eventually triggered Anne Waleski’s move.

The Push-out Score™ determined by exechange suggests that push-out forces may have contributed to the management change.

Read the full story in the exechange report 47.2017 ($).