Fidelis Insurance CFO Neil McConachie will quit his post next year due to personal reasons, the specialty insurer has announced.
According to the insurer, McConachie will step down from his role in January, 2018. However, he will remain on the board of the holding company.
McConachie partnered with Fidelis CEO Richard Brindle and founded the company in 2015.
“I’m very proud to have founded Fidelis with my friend Richard. The project began some time ago and it’s been a hectic few years. Now the company is successfully established, I want to step back from day to day management,” McConachie said.
“I’m very much looking forward to continuing as a director, helping shape the future strategy and direction of this great business,” he added.
Brindle said he accepted McConachie’s decision and commended him for his help in leading the company.
“I am sad that Neil will be leaving the management team, and will miss him, but respect his decision. He has been a driving force behind the establishment of Fidelis and quite frankly I couldn’t have done it without him,” Brindle said.
“I am delighted that he will stay on the board as a non-executive director,” he added. “Fidelis is now an established and respected company but we always need smart people’s advice and counsel, and I will certainly consult him frequently on strategic matters.”
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