William McDonnell has been appointed RSA group chief risk officer, effective December 1, 2014. His appointment followed David Weymouth's decision to retire from the group in May 2015 to take up a portfolio of non-executive roles, and is subject to regulatory approval.
Mr. McDonnell will be responsible for delivering the global risk framework and strategy for RSA and will join the group executive team, reporting directly to group chief executive Stephen Hester.
Commenting on the appointment, Mr. Hester said, “I'm pleased to appoint William McDonnell to the group executive team. His extensive risk management experience will ensure we continue to enhance the operational effectiveness of the group's risk oversight and control assurance processes. I would like to take the opportunity to thank David for the significant contribution he has made to the group over the last seven years and wish him every success in the future.”
Mr. McDonnell added, “I'm excited to be taking on this new role and look forward to further strengthening RSA's risk management framework and ensuring that all elements of our processes are implemented effectively across the group.”
Mr. McDonnell has worked at RSA for eight years, most recently as group risk director.
Learn more: http://www.rsagroup.com.
Victoria Spears
Victoria Prussen Spears is senior vice president of Meyerowitz Communications Inc., a law firm marketing communications consulting company. A graduate of Sarah Lawrence College and Brooklyn Law School, Ms. Spears was an attorney at a leading New York City law firm before joining Meyerowitz Communications. She may be contacted at [email protected].