QBE has announced that Mr John Neal, Group CEO will be stepping down after five years in the role. The Board of Directors has appointed Mr Patrick (Pat) Regan, CEO Australian and New Zealand Operations and previously Group CFO, to succeed Mr Neal on January 1 2018, with a four month leadership transition. Mr Regan will remain on the Board as an executive director.
Mr Neal began with the company in QBE’s European Operations in 2003 and moved to Sydney in 2011 as CEO, Global Underwriting Operations. He was appointed to the role of Group CEO in 2012. He will be stepping down from the role of Group CEO effective from December 31 2017.
Mr Regan joined the Group in 2014 with extensive global experience in the insurance sector. Before joining QBE, he was the CFO at Aviva plc and prior to that was the Group COO and CFO at Willis Group Holdings and Group Financial Controller at Royal & Sun Alliance.
He is a graduate of Leeds University (Bachelor of Science – Mathematics, First Class) and a Member of the Institute of Chartered Accountants of England and Wales.