PartnerRe has announced that Enrico Vellano has been appointed to its board of directors, succeeding John Elkann as Exor’s representative.
Vellano is the chief financial officer of Exor, the parent company of PartnerRe. He started his work experience in 1997 at IFIL, which is also part of the Exor Group. Since that time he has held “increasingly relevant positions” until he was named chief financial officer in 2006.
The PartnerRe board is made up of five directors – three of which are “fully independent” from the company.
John Elkann, CEO of Exor, said: “It has been my privilege to serve on the board of PartnerRe for the past five years.
“Under the leadership of Brian Dowd as chairman and Jacques Bonneau as president and CEO, PartnerRe is in excellent shape for the next phase of its development: the recent appointments both at the board level and in the management team have strengthened the company, which now boasts a very deep pool of experience, insight and talent.”
He added: “Enrico Vellano has been closely involved in all aspects of our investment in PartnerRe since the very beginning and I’m delighted that he is succeeding me on the board in a further signal of our long-term commitment to the company and its independent strategy.”