Mark Kociancic succeeds Paolo De Martin as Chief Financial Officer of SCOR
Press Release
15 May 2013
For more information, please contact:
Jean-Charles Simon / Géraldine Fontaine  +33 (0) 1 58 44 75 58
Communications and Public Affairs
Antonio Moretti                                             +33 (0)
1 58 44 77 15
Investor Relations Director
Mark Kociancic succeeds Paolo De Martin as Chief Financial Officer of SCOR
After six successful years as CFO of the SCOR Group, Paolo De Martin has decided
to take a period of sabbatical leave, after which he will be re-joining the SCOR
Group management team in a new role in January 2014.
SCOR is pleased to announce the promotion of Mark Kociancic, currently Deputy
Group CFO of SCOR, to Group CFO and member of the Group Executive Committee,
effective immediately.
Denis Kessler, Chairman and CEO of SCOR, comments: "I would like to thank Paolo
for the excellent work he has done over the past six years as CFO of the Group.
During this period of time the Group has doubled in size whilst maintaining a
high level of profitability and solvency. Paolo has been an integral part of
this success and we are looking forward to having him back in the management
team in January 2014. The appointment of Mark as new Group CFO shows the
strength and depth of our senior management team. Since joining the Group, Mark
has consistently demonstrated the traits of excellence and integrity we are
looking for at SCOR. The Group Executive Committee and I are looking forward to
working with Mark in his new role".
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Paolo De Martin (43), an Italian citizen, graduated from Ca' Foscari University,
Italy, with a degree in Business Economics. He subsequently spent two years in
the optical business as founder and managing partner of an eyewear manufacturer.
He joined General Electric Company (GE) in 1995 as a finance trainee in London.
In 1997, he joined GE's internal auditing & consulting Group, charged with
assignments in multiple GE businesses in the Americas, Europe and Asia-Pacific.
In 2001, Paolo De Martin was promoted to Executive Manager for GE Capital
Europe, before joining GE Insurance Solutions as Financial Planning and Analysis
Manager for Global Property and Casualty Reinsurance. In 2003, he was appointed
Chief Financial Officer of GE Frankona Group before becoming Chief Financial
Officer of Converium Holding AG in July 2006. In September 2007, Paolo De Martin
was appointed Group Chief Financial Officer of SCOR SE.
Mark Kociancic (43), a Canadian citizen, is a graduate of the University of
Toronto and holds a Bachelor of Commerce degree. He also holds a Chartered
Accountant (CA) designation and a Chartered Financial Analyst (CFA) designation.
Upon graduation in 1992, Mark joined Ernst & Young within its Life and P&C
insurance practice and has subsequently held successively senior positions
within the insurance industry with St Paul Guarantee, Avalon Risk Associates and
Tokio Marine, prior to joining SCOR US as Senior Vice President & Chief
Financial Officer in May 2006. He was appointed SCOR Americas Hub CFO in June
2008 and was promoted to Executive Vice President in July 2010. He was appointed
Deputy CFO of SCOR Group in October 2012.
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Forward-looking statements
SCOR does not communicate "profit forecasts" in the sense of Article 2 of (EC)
Regulation n°809/2004 of the European Commission. Thus, any forward-.looking
statements contained in this communication should not be held as corresponding
to such profit forecasts. Information in this communication may include
"forward-looking statements", including but not limited to statements that are
predictions of or indicate future events, trends, plans or objectives, based on
certain assumptions and include any statement which does not directly relate to
a historical fact or current fact. Forward-looking statements are typically
identified by words or phrases such as, without limitation, "anticipate",
"assume", "believe", "continue", "estimate", "expect", "foresee", "intend", "may
increase" and "may fluctuate" and similar expressions or by future or
conditional verbs such as, without limitations, "will", "should", "would" and
"could." Undue reliance should not be placed on such statements, because, by
their nature, they are subject to known and unknown risks, uncertainties and
other factors, which may cause actual results, on the one hand, to differ from
any results expressed or implied by the present communication, on the other
hand.
Please refer to SCOR's Document de référence filed with the AMF on 6 March 2013
under number D.13-0106 (the "Document de référence"), for a description of
certain important factors, risks and uncertainties that may affect the business
of the SCOR Group. As a result of the extreme and unprecedented volatility and
disruption of the current global financial crisis, SCOR is exposed to
significant financial, capital market and other risks, including movements in
interest rates, credit spreads, equity prices, and currency movements, changes
in rating agency policies or practices, and the lowering or loss of financial
strength or other ratings.
The Group's financial information is prepared on the basis of IFRS and
interpretations issued and approved by the European Union. This financial
information does not constitute a set of financial statements for an interim
period as defined by IAS 34 "Interim Financial Reporting".
SCOR Press Release:
http://hugin.info/143549/R/1701913/562120.pdf
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Source: Scor via Thomson Reuters ONE
[HUG#1701913]