Verisk Analytics Inc., a Jersey City-based data analytics provider, announced recently that a former Nasdaq Inc. executive has been named the company’s new chief financial officer.
Lee M. Shavel, named executive vice president and CFO earlier this week, had been EVP and CFO with Nasdaq from 2011 to 2016, capping a 28-year career as a finance professional.
“When we learned that Lee was available to join the Verisk team, we jumped at the opportunity,” Scott Stephenson, Verisk’s chairman, CEO and president, said in a prepared statement. “His broad financial and operational experience and success as both a public company CFO and banker to financial and technology companies will complement our superb finance team. Bringing new perspectives and talents to complement the existing leadership team has always been a part of our winning formula at Verisk.”
Prior to Nasdaq, Shavel served in executive roles at Bank of America Merrill Lynch over 18 years.
“I am thrilled to be joining Verisk, and look forward to working with Scott and his team to support employees, extend the strong growth of the business and deliver great returns to shareholders,” Shavel said in a statement. “Verisk has been a leader and innovator in the data analytics sector, generating exceptional growth as demand for its products and services has expanded rapidly. I’m excited to bring my experience to enhance the financial and operating performance of the company and support this exceptional management team.”
Verisk said Eva Huston, senior vice president, will spend three months transitioning responsibilities to Shavel before leaving the company to pursue other opportunities.
“Eva has been a strong contributor to Verisk’s success since the IPO in 2009, serving as chief financial officer, head of investor relations and treasurer,” Stephenson said. “We appreciate her efforts and many accomplishments, and look forward to a smooth transition.”