Verisk Hires Former Nasdaq CFO

US data firm Verisk Analytics, Inc. has appointed former Nasdaq CFO Lee M. Shavel as EVP and Chief Financial Officer. SVP Eva Huston will depart 'to pursue opportunities outside the company' after a three-month handover period.

Verisk is headquartered in Jersey City, NJ and operates in 29 countries. The group offers predictive analytics and decision support to clients in the energy sector and others. It bought Edinburgh-based research and consulting company Wood Mackenzie for £1.85 billion in cash in March 2015 and has since been busy with acquisitions, including chemicals sector data firm The PCI Group, electricity and renewables specialist Greentech Media, business from Quest Offshore Resources, mapping and geospatial consultancy The GeoInformation Group and Danish wind and solar power market intelligence and advisory business MAKE, as well as divesting its healthcare services division for $820m.

Shavel was EVP and CFO at the Nasdaq exchange from 2011 to 2016, and has spent 28 years in financial services. Prior to Nasdaq he spent eighteen years at Bank of America Merrill Lynch, in roles including MD and Americas Head of Financial Institutions Investment Banking. He is currently a board director and Chairman of the Audit Committee of Investment Technology Group, Inc. He holds a B.A. in English from the University of Pennsylvania, and a B.S. in economics from the Wharton School of Finance.

Chairman, President and CEO Scott Stephenson comments: 'When we learned that Lee was available to join the Verisk team, we jumped at the opportunity. His broad financial and operational experience and success as both a public company CFO and banker to financial and technology companies will complement our superb finance team. Lee is joining Verisk at an opportune time: our business has momentum in the fourth quarter of 2017 and into 2018, with all segments gaining strength through innovation'. He adds: 'Eva has been a strong contributor to Verisk's success since the IPO in 2009, serving as chief financial officer, head of Investor Relations, and treasurer. We appreciate her efforts and many accomplishments and look forward to a smooth transition'.

Web site: www.verisk.com .

All articles 2006-23 written and edited by Mel Crowther and/or Nick Thomas, 2024- by Nick Thomas, unless otherwise stated.