Intact Financial Corporation announced March 30 that William L. Young has been appointed as new Chairman of the Board, effective upon his election as a director at IFC's Annual Meeting on May 11.
Claude Dussault, the current Chairman of the Board of Directors, will retire from this role at the end of his current term. Dussault has served as Board Chair since 2008, and as a Director since 2000. From 2001 to 2007 he served as President and Chief Executive Officer of the Company. Intact says he will remain part of the organization as a director of RSA UK & International and as a member of the U.S. Advisory Board.
"I want to thank employees, customers, brokers, and shareholders for their continued trust and support," stated Dussault. "Intact's strength, resilience and commitment to excellence remain steadfast, and I look forward to seeing the company outperform for many years to come. William's knowledge and expertise have already contributed significantly to the success of the company, and I know Intact will continue to prosper under his leadership."
William L. Young is currently an Independent Director, acts as Chair of the Compliance Review and Corporate Governance Committee, and sits on the Audit Committee. He holds a Bachelor of Science degree in chemical engineering from Queen's University and received a Master's in Business Administration with distinction from Harvard University.
