SCOR appoints CFO and deputy CEO

SCOR has appointed François de Varenne (pictured) as chief financial officer and deputy chief executive.

Interim CEO from January 26 to April 30 this year, de Varenne will take over the financial management of SCOR with immediate effect. The new finance chief has been with the reinsurer since 2005, with previous roles including chief operating officer and global investments CEO.

Most recently, de Varenne served as a member of the executive committee overseeing the group’s investments, technology, innovation, and corporate finance.

“I have decided to entrust François de Varenne with new and important responsibilities within the executive committee,” said SCOR chief executive Thierry Léger in a release. “François has successfully led the group on an interim basis for the past three months.

“He knows the company inside out and has a thorough understanding of the financial mechanisms of all our activities. I have a lot of confidence in him to help me write this new chapter in the history of SCOR.”

Former CFO Ian Kelly, meanwhile, is pursuing other opportunities outside the company.

“I would like to thank Ian Kelly for his contribution to the transformation of the finance function, especially during the transition to IFRS (International Financial Reporting Standards) 17, and wish him every success in the next stage of his career, ” said Léger.