Insurer QBE creates new COO position

Insurer QBE creates new COO position | Insurance Business

Insurer QBE creates new COO position
QBE has created a new Group Chief Operations Officer (COO) position and appointed Colin Fagen to the role.

Fagen, currently the Group Chief Strategy Officer, and the former CEO of Australian and New Zealand operations for the company, will officially commence in the role from today.

Describing the need for the move, the company said: “In order to provide enhanced stewardship of the Group’s priorities we are creating a new position.

“Under the revised structure, responsibility for strategy will return to the Group CEO and the Group Executive.”

In conjunction with the change, Mike Emmett, the current Group Executive Officer, Operations, would be leaving QBE.

Group CEO John Neal praised Emmett in a statement to the market: “Mike Emmett has made a significant contribution to QBE over the last five years.

“After joining as Chief Information Officer for Australian and New Zealand Operations and Asia Pacific Operations, Mike successfully led our global transformation program including establishment of our Group Shared Services Centre and the achievement of synergies in IT infrastructure and procurement.

“We thank him for his leadership over the last few years and wish him every success in the future.”