Vellano succeeds Elkann on PartnerRe board
Bermudian-based global reinsurer PartnerRe Ltd has appointed Enrico Vellano to the company’s board of directors.
Mr Vellano is the chief financial officer of Exor, the owner of PartnerRe.
He succeeds John Elkann as Exor’s representative on the board, effective today.
The company said Mr Vellano started his working experience in 1997 at IFIL, the investment company controlled by the Agnelli family and since that time, has held increasingly relevant positions until he was named chief financial officer in 2006.
Mr Elkann, chairman and chief executive of Exor, said: “It has been my privilege to serve on the board of PartnerRe Ltd for the past five years. Under the leadership of Brian Dowd as chairman and Jacques Bonneau as president and CEO, PartnerRe is in excellent shape for the next phase of its development: the recent appointments both at the board level and in the management team have strengthened the company, which now boasts a very deep pool of experience, insight and talent.”
He added: “Enrico Vellano has been closely involved in all aspects of our investment in PartnerRe since the very beginning and I’m delighted that he is succeeding me on the board in a further signal of our long-term commitment to the company and its independent strategy.”
The PartnerRe board comprises five directors of which three are fully independent from the company, it said.