Michael C. Lobdell, a former managing director of New York-based JPMorganChase, will join Hamilton, Bermuda-based insurer and reinsurer XL Capital Ltd as chief executive-global business services, the company announced.
XL said Mr. Lobdell is scheduled to join the firm in September. He will be responsible for overall execution and service delivery across the XL group of companies. He will also oversee infrastructure and project management, including IT systems and technology, procurement, real estate, facilities, outsourcing and offshore activity.
Mr. Lobdell will be a member of XL's newly formed office of the chief executive officer (OCEO). The OCEO also includes XL's Chief Financial Officer Jerry de St. Paer, Chief Investment Officer (designate) Sarah E. Street, Chief Operating Officer Henry C.V. Keeling and Chief of Staff Fiona E. Luck.
The company also announced two promotions.
It said Kirstin Romann Gould will assume the newly created post of general counsel, corporate affairs. She will continue in her current role as the XL's corporate secretary.
Celia R. Brown was promoted to the position of head of global human resources. This appointment follows the announcement by Tony Beale, current head of global human resources, of his plans to retire from the company later this year.
Both Ms. Gould and Ms. Brown will report to Ms. Luck.
© Arc, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to TMSalesOperations@arc-network.com. For more information visit Asset & Logo Licensing.