Randall & Quilter joint chief executive steps down

Randall & Quilter joint chief executive steps down | Insurance Business

Randall & Quilter joint chief executive steps down

Roger Sellek, the Randall & Quilter (R&Q) alumnus who returned to the company in 2019 to take on the newly created role of joint chief executive, has resigned with immediate effect.

It was last June when the former AM Best chief executive of EMEA (Europe, the Middle East, and Africa) and Asia-Pacific was named as R&Q joint CEO alongside co-founder Alan Quilter. The joint CEO positions were created when co-founder and then group chief executive Ken Randall became group executive chairman.  

Now Quilter, who also serves as group finance director, is listed as the sole CEO of the non-life legacy insurance investor and capacity provider. Meanwhile no reason has been cited for Sellek’s resignation, which also spans his executive director post.

“On behalf of the board, we thank Roger for his contribution to R&Q and wish him every success in his future endeavours,” commented Randall, whose firm did not provide further details when it revealed the departure.

Earlier this week, R&Q announced the appointment of William Spiegel as executive director and deputy group chairman. Spiegel has been lined up to succeed Randall when the latter steps down in about a year.

“R&Q expects to make a small number of additional appointments, including the appointment of a new group chief financial officer,” noted the company on Monday. “There will also be some realignment of internal management reporting lines and responsibilities.”