Intact Financial Corporation CEO Charles Brindamour announced yesterday that the company has changed the roles and responsibilities of a couple of its executive committee members.
Mark Tullis, who is currently serving as executive vice president for governance and capital management, will retire by the end of February, 2017, a company release said. Effective March, 2017, he will assume the role of vice chairman, where he will offer guidance to the board and senior management on matters of strategy, acquisition and talent mentorship.
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Don Fox, current vice chair of global investment banking at CIBC World Markets Inc., is joining the Intact family as its new executive vice president. In his new role, Fox will oversee Intact’s investment management, corporate legal, corporate development, audit and finance operations. Fox joins Intact on January 1, 2017. After a two-month transition period, he will then assume his new role by March 1, 2017.
According to a release, Intact Financial Corporation and CIBC “have a long standing and successful relationship working on corporate development transactions.” The release mentioned that Fox was at the center of those interactions, helping facilitate communications between the two companies.
Intact Financial Corporation is one of Canada’s largest P&C insurers. A release claims that the 12,000-employee company has $8.0 billion in annual premiums, serving over five million customers and businesses throughout the country.
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