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PEMBROKE, Bermuda - Conduit Holdings Limited (LSE:CRE), the parent company of the Bermuda-based reinsurance firm Conduit Re, has announced the appointment of Neil Eckert as its Chief Executive Officer. Eckert, who co-founded the company, had been serving as the interim CEO since late March following the retirement of Trevor Carvey.
In addition to Eckert’s appointment, CHL has made several directorate changes. Rebecca Shelley steps into the role of Non-Executive Chair on an interim basis as the company begins its search for a permanent Chair. Concurrently, Ken Randall has been appointed as Senior Independent (LON:IOG) Director.
Rebecca Shelley, in her role as Interim Chair, expressed confidence in Eckert’s appointment, citing his extensive experience and deep commitment to the company since its founding. She emphasized that the board’s decision was made after a comprehensive search and believes Eckert’s familiarity with the team and business strategy positions him well to lead the company into its next growth phase.
Eckert expressed his gratitude for the trust placed in him and his enthusiasm for the future, emphasizing his commitment to creating value for shareholders and steering the company through upcoming challenges and opportunities.
The process of appointing Eckert as the permanent CEO was supported by an independent executive search firm, ensuring the selection was conducted without bias or conflict of interest. CHL’s Nomination Committee led the recruitment process in compliance with corporate governance standards.
The company has also confirmed that Shelley’s interim appointment adheres to the UK Corporate Governance Code, having been deemed independent. The recruitment for a permanent Chair will be assisted by Sainty Hird.
Eckert’s official appointment as CEO is contingent upon approval from Bermuda immigration authorities. This announcement is based on a press release statement from Conduit Holdings Limited.
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