Verisk Names Bruce Hansen Chairperson of the Board of Directors
On May 3, 2022, Verisk (Nasdaq: VRSK) announced the appointment of Bruce Hansen as the new Chairperson of the Board of Directors, taking over from Scott G. Stephenson, who will retire after the 2022 Annual Meeting of Shareholders on May 25, 2022. Hansen, an independent director since 2015, has extensive experience in technology and corporate governance. The board aims to enhance corporate governance by separating the roles of Chair and CEO. Hansen's appointment is effective from May 5, 2022, alongside new roles for Kathleen Hogenson and Christopher Foskett.
- Bruce Hansen's extensive experience in technology and governance may enhance the Board's strategic direction.
- Separation of Chair and CEO roles could improve corporate governance.
- Transition in leadership might result in temporary disruptions or uncertainty.
JERSEY CITY, N.J., May 03, 2022 (GLOBE NEWSWIRE) -- Verisk (Nasdaq: VRSK), a leading global data analytics provider, today announced that Bruce Hansen has been named Chairperson of the Board of Directors, effective as of May 5, 2022. Hansen will succeed Scott G. Stephenson who, as previously announced, will retire from the company following Verisk’s 2022 Annual Meeting of Shareholders.
In connection with the Company’s ongoing activities to advance corporate governance and the previously announced intention to separate the roles of Chair of the Board and CEO, the Board of Directors elected Hansen, a current independent director and Chair of the Audit Committee, to serve as Chairperson of the Board of Directors. Stephenson will remain as a director until his retirement as of the 2022 Annual Meeting of Shareholders on May 25, 2022.
“We’re pleased to name Bruce chair of the board,” said Stephenson, chairman, president and CEO, Verisk. “Since he joined the board seven years ago, Bruce’s deep background in technology, experience and leadership have been a great resource to the board and our leadership team during a pivotal time for Verisk. The board and I would like to recognize and thank Chris for his many contributions as the lead independent director and look forward to his continued contributions.”
Hansen has served on Verisk’s Board of Directors since May 2015. He brings three decades of experience building companies across the big data, artificial intelligence, analytics and fin-tech industries. He also has significant corporate governance expertise at both public and private-equity-backed companies. Hansen holds an MBA in finance from The University of Chicago’s Booth School of Business and a Bachelor of Art in economics from Harvard University.
Kathleen Hogenson will succeed Hansen as the new Chair of the Audit Committee. Additionally, as Verisk retires the lead independent director role, Christopher Foskett will assume the Chair of the Finance and Investment Committee, succeeding Samuel Liss. All new leadership roles will take effect on May 5, 2022.
Biographies for Bruce Hansen, Kathleen Hogenson and Christopher Foskett can be found here.
About Verisk
Verisk (Nasdaq: VRSK) provides data-driven analytic insights and solutions for the insurance and energy industries. Through advanced data analytics, software, scientific research and deep industry knowledge, Verisk empowers customers to strengthen operating efficiency, improve underwriting and claims outcomes, combat fraud and make informed decisions about global issues, including climate change and extreme events as well as political and ESG topics. With offices in more than 30 countries, Verisk consistently earns certification by Great Place to Work and fosters an inclusive culture where all team members feel they belong. For more, visit Verisk.com and the Verisk Newsroom.
###
Attachment
FAQ
What changes were made to the Board of Directors at Verisk on May 5, 2022?
Why is Bruce Hansen becoming Chairperson of the Board for Verisk?
Who will replace Bruce Hansen as Chair of the Audit Committee at Verisk?
What is Bruce Hansen's background that qualifies him for Chairperson of the Board at Verisk?
When will the leadership changes at Verisk take effect?
