Arch Capital Group (ACGL) has announced that Kewsong Lee has resigned from its board of directors.
According to the company his resignation was because of the expansion of his duties at Carlyle Group following his recent promotion to co-CEO effective January 1, 2018.
“We thank Kewsong for his outstanding service to the company,” said Constantine (Dinos) Iordanou, chairman and chief executive officer of ACGL. “He has been a director since our initial capital raise in 2001, and our lead director since 2009. We appreciate Kew’s insight and leadership and will miss his counsel. We wish him all the best as he pursues his new role with Carlyle.”
“Arch is a terrific company and has performed well because of its outstanding management leadership and Board," Lee commented. "Dinos has done an amazing job driving Arch, and over the past 16 years, I’m grateful for the opportunity to have worked with him, his extremely talented team, and my fellow directors on the Board. Arch has tremendous depth throughout the organisation and is well-positioned as the emerging senior leadership team continues to drive Arch’s growth and success.”
Lee has served as a director of ACGL since November 2001 and was appointed lead director in November 6, 2009. He joined The Carlyle Group as managing director and deputy chief investment officer for corporate private equity in December 2013.
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