This is despite the group havingsuffered a US$35.9 million lossthere by the end of September.Group chief financial officer Andre Mousseau (pictured here) saysSagicor sees a positive future inthat market, while group presidentand chief executive officer Dodridge Miller is optimistic about overall future prospects. (GP)

Business, Editors Pick

January 27, 2023

Sagicor Financial appoints new CEO

Article by Akeel

Sagicor Financial Company Ltd has announced that Dodridge D. Miller will retire as President and Chief Executive Officer effective as of the end of March 2023.

Miller will step down from his current executive duties after more than 30 years of service to Sagicor, including serving as President and Chief Executive Officer since 2002. He will continue to serve on Sagicor’s Board of Directors.

Sagicor’s Board of Directors has appointed Sagicor’s Group Chief Operating Officer and Chief Financial Officer Andre G. Mousseau to succeed Miller as President and Chief Executive Officer, effective April 1, 2023. Mousseau will also join the Company’s Board of Directors on that date.

Mahmood Khimji, Chairman of Sagicor, said “On behalf of the Board, I would like to thank Dodridge for his exceptional contribution to Sagicor for over 30 years. Under his tenure, Sagicor grew from a mutual company with less than $100 million of assets to a publicly listed multi-national corporation with over $10 billion of assets. Sagicor has greatly benefitted from Dodridge’s visionary leadership to become the leading financial services provider in the Caribbean with an exciting growth platform in North America.”

Khimji further stated, “As Dodridge approached his planned retirement age, the Board of Directors undertook a thorough succession process including taking guidance from external advisors. The Board of Directors unanimously supported the succession of Andre to the role of President and CEO. Andre has worked hand in hand with Dodridge in developing and executing Sagicor’s strategy since he joined the Company in 2019. We believe Andre is the right individual to drive forward with the next stage of Sagicor’s growth.”

Miller said “Sagicor is a remarkable forward-looking company, served by dedicated and hardworking employees. It was an honour to lead this great company for 20 years. As I step away from my current role, I am delighted to pass the baton to Andre Mousseau. Andre has worked very closely with me over the last four years and has been instrumental in the execution of many of our strategic initiatives during this time. I am confident that Andre is the right person to lead Sagicor through the next phase of its development.”

Mousseau said “I am honoured to be appointed to lead this great organization. I look forward to continuing to work with Sagicor’s talented team as we execute on our growth initiatives, with a clear focus on delivering value to our customers, communities and shareholders.”

Mousseau joined Sagicor as Group Chief Financial Officer in 2019, leading Sagicor’s finance function, capital raising efforts and overseeing its investment and acquisition strategy. He was subsequently promoted to Group Chief Operating Officer, in addition to his oversight of Sagicor’s financial operations, in 2021. (PR)