25 February 2014 Insurance

XL nominates new board member

XL has nominated Anne Stevens to join its Board of Directors.

Stevens has extensive experience across the automotive, aerospace and oil sectors. She spent most of her executive career at the Ford Motor Company, as chief operations officer for the Americas. In recent years, she was also held the position of chairman, chief executive officer and president of Carpenter Technology and currently serves as chief executive officer and principal of SA IT Services.

“I believe that Anne’s diverse global business experience will complement the existing expertise of the Board and benefit XL as it continues to execute its strategy,” said XL’s chairman, Robert Glauber.

The Company also announced that Herbert Haag, who has served on the Board of Directors since 2006 will not be standing for re-election when his term expires later this year.

“We are most grateful to Herbert for his excellent service to XL. He has been a valuable presence, from his commendable work as chairman of our Management Development & Compensation Committee, to the broad industry perspective he brought as the former founding president and chief executive officer of PartnerRe. His contributions have been most significant, and he will be missed,” said Glauber.

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