IRB Brasil RE’s Board of Directors, on this Monday, 16th, elected Antônio Cássio dos Santos to be the company’s acting CEO. The decision is valid up to one year, according to the New Market Regulation. During such period, Antônio Cássio will be mainly responsible for continuing the operations, reaffirming IRB Brasil RE’s technical capacity and competence as already acknowledged by the market.
In addition to it, the executive will make an internal reorganization, aiming at improving the governance levels. “Our objective is delivering an excellent service to customers and business partners, as well as be the avant-garde of the market when it comes to products and processes”, says Cássio.
Antônio Cássio had already been indicated by the Federal Government, holder of the company’s golden share, to take the position of chairperson of Board of Directors, and he will be elected to said position in the Extraordinary General Meeting already called for March 27th. This way, he will have both the positions for the maximum period of one year. Meanwhile, the company will make efforts to find an executive to work as CEO definitively.
Antônio Cássio is broadly experienced in leading restructuring and turnarounds, having led different project throughout his career in Brazil and abroad. “IRB Brasil RE is a sound company, with a high technical quality, respected by world and Latin-American insurance market. I am responsible for administering the company for this period so as to take it to the next level, not in a hurry, but not stopping as well”, says Cássio.
Americas and Southern Europe CEO at Grupo Generali Itália for the last five years, immediately before its arrival at IRB Brasil RE, Antônio Cássio has worked for more than 30 years in the insurance market. Before Generali, he was regional president and Latin-America CEO at the insurer Zurich and president and CEO at Grupo Mapfre Brasil Seguros, in addition to having been CFO (RAS Brasil) at Grupo Allianz. He has an MBA from Vanderbilt University, in Tennessee (USA), as well as from Ibmec-SP. He is an expert on Latin-American Studies graduated from the business school of Vanderbilt University, also having a post-master degree on Global Business from IESE Madrid.
The CEO position was temporarily accumulated by IRB Brasil RE’s Exectuive, Finance and Investor Relations vice-president, Werner Süffert.