The Board of Directors of SCOR, which met on June 25, 2023, unanimously decided to appoint Fabrice Brégier as non-executive chairman, with immediate effect.
This decision was made on the unanimous recommendation of the Nomination Committee, at the end of a rigorous selection process that began in spring 2022, the board said.
In the months since the process began, the Nomination Committee, assisted by the international recruitment company Egon Zehnder, has met on several occasions to determine the search criteria for the future Chairman, to select the first-rate person who can match the expected profile, and finally to meet the candidates who are likely to lead the Board.
The committee, led by Adrien Couret, finally chose Brégier, who has been a director of SCOR since 2019 and who, in the view of the committee, has all the qualities required to lead the board, in addition to board.
A French citizen born in 1961, Brégier is a graduate of the École Polytechnique and a chief engineer of the Corps des mines. He began his career in 1986 at the Ministry of Industry and Trade, before being appointed sub-director of the Ministry of Agriculture (directorate-general for Food) in 1989. After serving as an adviser to several French ministers from 1991 to 1993, Brégier joined Matra Défense and became chief executive officer of MBD/MBDA in 1998.
He was chairman and chief executive officer of Eurocopter from 2003 to 2006, before joining Airbus (commercial aircraft) as COO at the end of 2006 and then serving as chief executive officer from 2012 to 2018. Brégier became chairman of Palantir France since October 2018. He joined the Board of Directors of SCOR in 2019.
“The Board of Directors is pleased with the selection of Fabrice Brégier, who has made an important contribution to the work of the board and its committees since 2019,” SCOR’s directors commented in a statement.
“His wealth of experience at the head of major international groups and his deep knowledge of corporate governance are strong assets for SCOR, as the group gains new momentum. He and Thierry Léger [SCOR’s CEO] complement each other perfectly, supporting the development of SCOR in a particularly favorable time for the reinsurance industry,” the board continued.
Brégier replaces Denis Kessler, 71, non-executive chairman of SCOR and former chief executive of the reinsurer, who died on June 9.
“I am delighted and pleased to be entrusted with this important responsibility, as we open a new chapter in the history of the company,” said Brégier.
“My thoughts are with Denis Kessler, who has done so much to make SCOR a leading global reinsurer. His memory will compel and motivate us to always strive for excellence, a value he cherished. Thierry Léger can count on my full support in creating the roadmap that will give the group a new strategic impetus. SCOR is well positioned to capture all current and future market opportunities,” he added.
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