| Item 5.02. | Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers |
Executive Leadership Changes
On February 18, 2021, Verisk Analytics, Inc. (the “Company”) announced that the Board of Directors of the Company (the “Board”) appointed Mark Anquillare, the Company’s Executive Vice President and Chief Operating Officer, and Lee Shavel, the Company’s Executive Vice President and Chief Financial Officer, to serve as Group Presidents, effective immediately. Mr. Anquillare’s new role will add oversight of the Company’s Enterprise Risk Management function to his current responsibilities of leading the Company’s insurance and government-facing businesses as well as customer experience. Mr. Shavel’s new role will add oversight responsibility for the operations of the Company’s energy, specialized markets and financial services segments. Neither of Mr. Anquillare’s nor Mr. Shavel’s compensation arrangements have changed in connection with these appointments.
Mr. Anquillare, age 55, has served as the Company’s Chief Operating Officer since June 2016 and as Executive Vice President since March 2011. From 2007 to June 2016, Mr. Anquillare served as the Company’s Chief Financial Officer. Mr. Anquillare joined the Company as Director of Financial Systems in 1992 and since joining the Company, Mr. Anquillare has held various management positions, including Assistant Vice President, Vice President and Controller, and Senior Vice President and Controller. Prior to 1992, Mr. Anquillare was employed by the Prudential Insurance Company of America. Mr. Anquillare is a Fellow of the Life Management Institute.
Mr. Shavel, age 53, has served as the Company’s Executive Vice President and Chief Financial Officer since November 2017. Mr. Shavel served as Chief Financial Officer and Executive Vice President, Corporate Strategy of Nasdaq, Inc. from May 2011 to March 2016. Before joining Nasdaq, Mr. Shavel was Americas Head of Financial Institutions Investment Banking at Bank of America Merrill Lynch. Previously, he was Head of Finance, Securities and Technology and Global COO for the Financial Institutions Group at Merrill Lynch. Mr. Shavel joined Merrill Lynch in 1993 as an Associate, coming from Citicorp where he worked as an Associate in the Financial Institutions Group. Since June 2020, Mr. Shavel has served on the Board of Directors of FactSet Research Systems Inc. (NYSE: FDS), a publicly-traded company, and from 2016 to March 2019, Mr. Shavel served as a board director and chair of the Audit Committee of Investment Technology Group, Inc., a publicly-traded broker-dealer.
Messrs. Anquillare and Shavel do not have any family relationships with any of the Company’s directors or executive officers or any people nominated or chosen by the Company to become a director or executive officer. They are also not a party to any transactions described by Item 404(a) of Regulation S-K.
Also on February 18, 2021, the Company announced the appointment of Kathy Card Beckles as Executive Vice President, General Counsel and Corporate Secretary of the Company, effective April 5, 2021, as described in the press release annexed as Exhibit 99.1. In connection with the appointment, effective April 5, 2021, Kenneth E. Thompson, the Company’s current Executive Vice President, General Counsel, and Corporate Secretary, will transition to Executive Counsel to the Company until May 1, 2023.
A copy of the press release announcing these changes to the executive leadership team is annexed as Exhibit 99.1.
| Item 9.01 | Financial Statements and Exhibits. |
(d) Exhibits
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