Tysers, HBH CEO steps down; search for successor begins

Chris Elliott, the group chief executive officer (CEO) of Lloyd's broker Tysers and staff-owned broker Hawkes Bay Holdings, has stepped down from the position with immediate effect.

Elliott has resigned for personal reasons after 11 years in the role, the company said in a statement. He will remain an active member of the boards of HBH and Tysers, offering his expertise on strategy and business development.

Elliott will be succeeded as interim CEO by the current chairman of HBH and Tysers Christopher Spratt.

Spratt has been with the company for over 40 years, having served as the group chairman since August 2007. Prior to that, he was the group joint managing director, and was previously involved in the development of group’s marine portfolio.

"The search for Mr Elliott’s permanent replacement is already underway and a further announcement on the future senior management team at HBH and Tysers will be made in due course," said Stuart Blakeborough, group chief operating officer.

Spratt commented: "The board wish to place on record their sincere thanks to Chris for his many years of dedicated service as CEO of HBH and Tysers and we look forward to continuing to work with him as he assumes his new responsibilities on the boards of HBH and Tysers."

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