Economical Insurance has announced that David Wilson has retired from its Board of Directors and, as a result, it has made a key appointment to fill the vacant role.
Jay Forbes was appointed to the Board, effective September 01, to replace Wilson.
“It is with mixed emotion that we say farewell to David Wilson after five years of dedicated service to Economical,” said Economical Insurance board chair John Bowey in a statement. “During his tenure with us, David consistently provided valuable counsel as a board member and in particular served as a highly capable chair of the special committee responsible for guiding our demutualization process. On behalf of Economical and the Board of Directors, I want to express our deep appreciation to David and wish him the best in his future endeavours.”
Search and compare product listings for D&O Insurance from specialty market providers here
“We are pleased to welcome Jay Forbes to the Board. We look forward to benefiting from Jay’s extensive leadership experience with private and public companies in multiple industries, and his contributions to our continued focus on sustaining profitable growth and operating effectively,” Bowey added.
Forbes has been the CEO of four companies in the technology and telecommunications sector over the past 15 years. He was most recently president and CEO of Manitoba Telecom Services. Prior to that, he was president and CEO of Teranet, president of Ingram Micro EMEA, and president and CEO of Aliant.
In connection to this appointment, John Bowey was named chair of the special committee on demutualization, replacing the outgoing Wilson, who previously held the role.
Related stories:
Affordability the name of the game as Economical jumps into cyber market
Economical Insurance offers support to the Canadian Red Cross
.jpg)
