’I believe now is the right time for the board to begin an open, formal search for my successor,’ says chief financial officer 

Beazely’s chief financial officer Sally Lake is set to step down from her role in 2024, a statement released today (10 August 2023) has revealed.

The specialist insurer said that Lake had informed the board of her intention to leave and handed in her notice.

During the 12 month notice period, the board will carry out a search for an external successor.

Beazley chief executive Adrian Cox said Lake had been an ”outstanding colleague and role model who is dedicated to delivering Beazley’s sustainable growth agenda”.

”Sally and I have been colleagues at Beazley for more than 17 years [and] I will miss working with her,” he said.

”We will thank Sally wholeheartedly for her leadership and valued contribution when she leaves next year and wish her every success in her next chapter.”

‘Right time’

Lake joined Beazley in 2006 as a claims actuary for specialty lines before working her way up to chief financial officer in June 2019.

After spending more than four years in the role, Lake said now was the ”right time for the board to begin an open, formal search for my successor”.

“Beazley’s continued success remains my priority and I will look forward to remaining focused on delivering on our goals and a structured handover to my successor in 2024,” she added.

Clive Bannister, chair of Beazley, added: “The board takes this opportunity to thank Sally for her substantial contribution to Beazley’s success.”