Taranto to Step Down as Everest Re CEO in 2013; Addesso Is Successor

The Bermuda-based Everest Re Group, Ltd. announced that Joseph V. Taranto has agreed to continue in his role as CEO of the Company through 2013, at which point he will retire from the position.

Effective January 1, 2014, Dominic J. Addesso, currently Everest Re’s President, will succeed Taranto as the new CEO.

Taranto stated: “I am pleased to continue to lead our team through next year and that Dom will assume the helm and lead our team for many years thereafter. Dom is an extraordinarily capable, experienced, and ethical executive. Our Company has never been stronger and the future has never been brighter.”

Addesso expressed his appreciation for the “support and confidence of the Board, adding that he is looking forward “to the challenge of building upon the extraordinary foundation of success set by Joe.”

Source: Everest Re Group