Partner Re has announced that it has appointed Enrico Vellano (pictured) to its board of directors. Vellano succeeds John Elkann as Exor’s representative.

Vellano is the chief financial officer of Exor, the owner of Partner Re. He began his career in 1997 at IFIL, the investment company controlled by the Agnelli family, and moved through positions of increasing responsibility until being named CFO in 2006.

“It has been my privilege to serve on the board of Partner Re Ltd. For the past five years,” said Elkan, chairman and CEO of Exor. “Under the leadership of Brian Dowd as chairman and Jacques Bonneau as president and CEO, Partner Re is in excellent shape for the next phase of its development. The recent appointments both at the board level and in the management team have strengthened the company, which now boasts a very deep pool of experience, insight and talent.

“Enrico Vellano has been closely involved in all aspects of our investment in Partner Re since the very beginning, and I’m delighted that he is succeeding me on the board in a further signal of our long-term commitment to the company and its independent strategy,” Elkan said.

The Partner Re board includes five directors, three of whom are fully independent from the company.