In a significant move to bolster its executive team, Venerable has announced the appointment of George Alvites as Vice President, Head of Audit, and Angie Ellis as Vice President, Compliance. These appointments, alongside the promotion of Susan Clark and Alexandra Findleton to vice presidents in various roles, highlight Venerable’s dedication to enhancing its leadership and developing its strategic priorities. The new appointments reflect the company’s intent to bring on board experienced professionals, equipped with the capabilities to lead during these competitive times.
Alvites brings with him over two decades of diverse experience gained from his tenure at renowned organizations such as Prudential Financial and Ernst & Young. His primary responsibility at Venerable will be to oversee the internal audit function, ensuring robust compliance with established controls, procedures, and ever-evolving regulations. His expertise is anticipated to fortify Venerable’s commitment to maintaining high standards of corporate governance and operational integrity. His extensive background in audit and compliance positions him as a paramount figure in enforcing discipline and thoroughness throughout the company’s processes.
Ellis, who joins Venerable from Athene, where she supported compliance for broker-dealers, takes charge of leading several compliance functions. Her role involves ensuring comprehensive adherence to state and federal laws, rules, and internal standards. Given the increasing complexity of regulatory landscapes, Ellis’ robust experience and thorough knowledge are seen as critical for guiding Venerable’s compliance strategies and practices meticulously. This will be instrumental in not only upholding the company’s reputation but also ensuring smooth operational continuity within the stringent regulatory frameworks governing variable annuity businesses.
Strategic Internal Promotions
Susan Clark, who has been with Venerable for nearly 20 years, has been promoted to Vice President, Human Resources Business Partner. Her extensive experience with predecessor companies and her deep understanding of Venerable’s organizational culture make her the ideal candidate to provide strategic consulting on a wide range of HR issues. Clark’s responsibilities will now include managing HR programs such as talent acquisition, performance management, and employee engagement initiatives. Her new role will involve leveraging her in-depth knowledge of the company’s dynamics to drive HR strategies that align with Venerable’s long-term organizational goals and employee satisfaction objectives.
Similarly, Alexandra Findleton has been promoted to Vice President, Corporate Development. Findleton will oversee vital functions such as underwriting, reinsurance, and identifying opportunities for mergers and acquisitions. Her role is essential in strategically improving Venerable’s risk profile and business economics. By focusing on these critical areas, Findleton aims to strengthen the company’s financial stability and growth prospects. Her promotion demonstrates Venerable’s recognition of internal talent and its commitment to developing leaders who possess both institutional knowledge and the strategic acumen necessary for driving its business forward.
Endorsement of Leadership Excellence
Chief Human Resources Officer Heather Kleis highlighted the importance of these appointments, emphasizing the breadth of experience and leadership each individual brings to the table. Kleis expressed confidence in the newly appointed and promoted leaders, noting that their diverse backgrounds and extensive expertise would significantly contribute to Venerable’s strategic initiatives and overall growth. This endorsement underscores the company’s commitment to fostering an environment where experienced professionals can lead effectively and drive substantial organizational improvements.
The overarching trend indicated by these appointments and promotions reflects Venerable’s emphasis on prioritizing experienced leadership to navigate complex compliance and strategic development avenues. The executives’ extensive backgrounds and strategic insights are seen as invaluable assets, driving Venerable’s aspirations forward. These leadership changes mark an important step in consolidating the company’s position in the market while paving the way for sustainable future growth.
Future Considerations
In a major effort to strengthen its executive team, Venerable has appointed George Alvites as Vice President, Head of Audit, and Angie Ellis as Vice President, Compliance. Additionally, the company has promoted Susan Clark and Alexandra Findleton to vice presidents in various roles, underscoring Venerable’s commitment to reinforcing its leadership and advancing strategic goals. These new appointments signal the company’s intent to bring on seasoned experts, well-prepared to steer Venerable through competitive times.
Alvites, with over 20 years of diverse experience from renowned firms like Prudential Financial and Ernst & Young, will oversee Venerable’s internal audit function. His primary duty will be ensuring solid compliance with established controls and evolving regulations. His broad expertise will reinforce Venerable’s dedication to high standards of corporate governance and operational integrity, positioning him as a key figure in enforcing discipline and thoroughness.
Ellis, coming from Athene, where she managed compliance for broker-dealers, will lead Venerable’s compliance functions. She will ensure adherence to state and federal laws, rules, and internal standards. Her extensive experience and deep knowledge are essential for navigating Venerable’s compliance strategies, crucial for maintaining the company’s reputation and smooth operation within the regulatory frameworks.
