The Board of Directors of the Insurance Corporation of British Columbia (ICBC) have revealed that current president and CEO Mark Blucher is leaving the insurer, effective December 29.
Blucher will join Central 1 Credit Union as its new president and CEO.
According to a release, Blucher has been with ICBC since 2010 when he joined as the senior vice-president of insurance. He was later appointed president and CEO in 2012.
Prior to joining ICBC, Blucher served in a number of senior executive positions in the insurance and financial services industry, in companies in New Zealand and Australia.
“ICBC’s loss is Central 1’s gain,” said ICBC Board Chair Joy MacPhail in a statement. “We will miss Mark’s extensive expertise and leadership but this is a great career opportunity for him. I am particularly pleased he has decided to stay in the province and continue to contribute his expertise here in British Columbia.”
“ICBC’s Board and senior management are fully committed to working with government to make both basic rates affordable and ICBC sustainable in the long run,” MacPhail added. “Mark has been a consistent champion of ICBC, customer service and rate affordability, and we will continue to pursue those principles.”
The insurer will appoint an interim CEO shortly after Blucher transitions into his new role. ICBC’s Board of Directors will also launch an external search for a permanent replacement.
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