Chubb’s chairman and chief executive officer (CEO), Evan Greenberg, based in Bermuda, has announced that he will resign from Coca-Cola's board of directors, effective October 1, 2016.
Greenberg's decision to resign was based on increased demands on his time resulting from the acquisition of Chubb by ACE at the beginning of 2016.
Greenberg has served as Chubb’s chairman and CEO since ACE bought the company in January 2016. Prior to this role, Greenberg served as chairman and CEO of ACE and ACE Group since 2001.
He has more than 40 years of experience in the insurance industry and has held various underwriting and management roles, while gaining knowledge in the global property, casualty and life insurance sectors.
Greenberg said: “Due to increasing demands on my time following a major recent acquisition by my company, I have decided to resign from The Coca-Cola Company’s board of directors to devote my full attention to my expanded business commitments as chairman and CEO of Chubb.”