Verisk, the leading global data analytics provider located in Jersey City, announced Wednesday that Lee Shavel has been appointed CEO and Mark Anquillare has been named president.
The moves, which were announced in February, became official this week at the company’s annual shareholder meeting.
Shavel also was elected to the company’s board of directors, joining three others who were added: Jeffrey Dailey, Wendy Lane and Kimberly Stevenson.
Shavel, who had been serving as chief financial officer and a group president, said he was eager for the challenge.
“Verisk has a profound opportunity to help the insurance industry evolve in a new digital environment, integrate and activate rapidly growing data sets and achieve new levels of efficiency,” he said. “With our industry knowledge, technical expertise and established client relationships, we are uniquely positioned to address their needs as an essential technology partner.
Verisk provides data-driven analytic insights and solutions for the insurance and energy industries through advanced data analytics, software, scientific research and deep industry knowledge. With offices in more than 30 countries, Verisk consistently earns certification by Great Places to Work.
“I’m humbled to assume the role of Verisk CEO, and I will be focused on value creation for our customers, colleagues and shareholders. This is a great responsibility and one I truly cherish.”
Shavel and Anquillare, who had been serving as chief operating officer and a group president, have been architects and drivers of Verisk’s growth, increased efficiency and an innovation agenda that has helped the insurance industry successfully turn data into actionable insights and accelerate its digital transformation.
“With a sharpened focus on serving the insurance industry, we’ve optimized our path toward continued growth and enhanced value creation,” Anquillare said. “At such a pivotal moment for the industry, Verisk is poised to empower new opportunities for our customers and colleagues around the globe.”
Verisk officials said Shavel’s replacement as CFO will be named at a later date.