Exor Hires New CFO, COO, as It Reorganizes Investment Activities

By Ed Frankl

Exor NV said Tuesday that it would reorganize its investment activities after its $9.3 billion sale of PartnerRe, and has appointed new chief financial and chief operating officers.

The investment activities, under the name Lingotto, have around 2 billion euros ($1.98 billion) in assets under management, with its operations to be led by Enrico Vellano as its chief executive, Exor said.

Exor, a holding company controlled by the Agnelli family, said it had appointed Guido De Boer from Heineken NV to replace Mr. Vellano as CFO, and Suzanne Heywood to a newly created role of COO.

The investment activities were previously managed on behalf of PartnerRe, the sale of which to France's Covea was completed in July.

Lingotto will take on two alternative-investment strategies, managed by Matteo Scolari in public markets and Nikhil Srinivasan in private markets, Exor added.

Write to Ed Frankl at [e-mail]

(END) Dow Jones Newswires

11-01-22 1317ET