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March 2018 saw Mark Mugge leave his chief financial officer post at The Ardonagh Group to serve as its strategic adviser, as well as Antony Erotocritou named as group finance director… now the brokerage group has revealed a new CFO, plus an internal move in the chief risk officer role.
Diane Cougill, who Ardonagh said has been providing advice to the management team for several weeks now, will serve as CFO effective immediately. Her industry experience includes time spent at the RAC, where she held the same position, as well as at the likes of Aviva.
Ardonagh chief executive David Ross said Cougill’s counsel over the past couple of months “has naturally evolved” into the CFO appointment.
“Working closely with Antony Erotocritou as group finance director, Diane is a hugely complementary addition to our finance leadership, bringing unique experience to the executive table and working closely with our shareholders and the broader investment community,” commented Ross.
The CRO appointment, meanwhile, will see Sarah Dalgarno shift from her current role as strategic risk director for the broking group. Prior to coming onboard in 2015, the industry veteran was CRO at Arthur J. Gallagher International.
“Sarah has spent the last two years tackling a project that only she could have done – the unravelling of legacy issues in Towergate which sat at the heart of the turmoil that engulfed the company back in 2014,” noted Ross, who said Dalgarno and her team have successfully liquidated and removed nearly 50% of Towergate’s legal entities from the organisational structure.
“With the back end of Towergate fixed, Sarah now steps into the CRO role for Ardonagh, where she deploys her commercial approach to working in a regulated environment so expertly,” added the CEO.
