Mobility insurance provider Aioi Nissay Dowa Europe (AND-E) has appointed Jon Hermon (pictured) as group chief finance officer.
In an emailed release, AND-E said the appointment will see Hermon join the board while working closely with the finance leadership teams across the company’s European divisions. Hermon has been with the business since 2021, initially serving as a consultant.
“I am incredibly excited to be joining the AND-E Group board at this time to build an agile finance infrastructure that will effectively drive and support our strategic direction and deliver the expected return to our shareholders,” he commented.
“The job of finance is to provide the controls and insights for the right business actions, and I am looking forward to building on the systems and processes already implemented to further strengthen our finance infrastructure.”
Hermon went on to say: “There is already a wealth of experience of the AND-E business as well as financial expertise in the local market finance teams that puts us in an exceptionally strong position. I believe, with common processes, tools, and ambitions, finance can really support the performance of the AND-E Group.”
The new CFO’s credentials span more than two decades spent in the motor insurance sector. He was previously with the likes of Hastings Insurance Group, Freedom Services Group, and First Central Group.
Group chief executive Michael Kainzbauer said: “The AND-E business has achieved a strong growth trajectory over the last few years, both organically and through acquisition. It is now critical that we capitalise on economies of scale while still responding to local market opportunities.
“I am, therefore, delighted that Jon Hermon has agreed to take up the role of group chief finance officer. He will help shape and build our finance infrastructure to ensure it is fit for purpose to support our future strategic ambitions.”
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