Arch appoints John Pasquesi chairman, he succeeds Constantine Iordanou
Arch Capital Group has appointed John Pasquesi as chairman of the board, succeeding Constantine ‘Dinos’ Iordanou in September 2019.
Pasquesi currently holds the post of lead director of the board and has been the board’s vice chairman since 2001. He is the managing member and founder of Otter Capital LLC a private equity investment firm active since January 2001.
Before starting Otter Capital, Pasquesi was a managing director at Hellman & Friedman LLC.
Iordanou has worked at Arch since 2002 when he joined to create its insurance business. He served as CEO from August 2003 until March 2018, until the current CEO Marc Grandisson was appointed as part of succession plans.
Pasquesi said: “Dinos was instrumental in developing Arch into a highly profitable company with a worldwide insurance, reinsurance and mortgage insurance presence. The board and I want to recognize all he did to establish Arch as a leader in the insurance industry and to develop the generation of managerial talent that is currently leading the business. We have great respect and admiration for Dinos both as a leader and as a person.”
He added: “We have successfully completed the CEO transition process, and I look forward to continuing to work with the rest of the board, Marc and the existing management team to help sustain Arch’s future growth.”
Grandisson, CEO and president said: “I want to thank Dinos for his significant contributions in making Arch such a successful company. I am grateful to have had the opportunity to learn from and work with him for nearly twenty years. I look forward to ongoing engagement with our board of directors under John’s leadership as we continue to help our clients, employees, investors and communities achieve their greatest potential.”
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