Insurer RSA has appointed William McDonnell as group chief risk officer, with effect from December 1.
He succeeds David Weymouth, who has decided to retire from the group in May 2015 to take up a portfolio of non-executive roles.
McDonnell will be responsible for delivering the global risk framework and strategy for RSA and will join the group executive team, reporting directly to group chief executive Stephen Hester.
He has worked at RSA for eight years, most recently as group risk director, and will work with Weymouth over the next few months to ensure a smooth handover takes place.
Hester said: “I’m pleased to appoint William McDonnell to the group executive team. His extensive risk management experience will ensure we continue to enhance the operational effectiveness of the group’s risk oversight and control assurance processes. I would like to take the opportunity to thank David for the significant contribution he has made to the group over the last seven years and wish him every success in the future.”
McDonnell added: “I’m excited to be taking on this new role and look forward to further strengthening RSA’s risk management framework and ensuring that all elements of our processes are implemented effectively across the group.”
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RSA, William McDonnell, Europe, David Weymouth