JLT Specialty Insurance Services, a U.S. subsidiary of Jardine Lloyd Thompson Group plc has announced the appointment of Andrew Pelzer as Vice President.
Pelzer will be based in New York where he will be an integral part of the Transaction Advisory Practice at JLT Specialty USA.
Pelzer brings to JLT Specialty USA more than five years of legal and tax experience in M&A and private equity transactions. In his role, Pelzer’s primary responsibility will be on the structuring and placement of tax insurance products and solutions for both corporate and private equity clients. Pelzer’s responsibilities will also include advising on the TAP’s other products, including Representations and Warranties insurance, litigation insurance and other products designed to de-risk M&A transactions.
“We are very excited to announce Andrew’s appointment and welcome him to the JLT Specialty USA family,” said Michael Rice, Chief Executive Officer of JLT Specialty USA. “We are thrilled to have such tremendous talent join our team.”
“Andrew’s vast experience with tax issues in M&A and private equity transactions, the structuring of investments in Loss Corporations and his deep knowledge of corporate and partnership tax issues, will be an immediate asset to JLT Specialty USA and our clients,” added John McNally, Senior Vice President, Transaction Advisory Practice at JLT Specialty USA. “We look forward to Andrew’s continued success as he begins his new role within our team.”
Pelzer comes to JLT Specialty USA from Weil, Gotshal and Manges where he served as Tax Associate for more than four years, advising clients on more than 100 separate M&A transactions in a variety of industries including technology, real estate, health care and insurance.
This announcement comes as JLT Specialty USA continues its strategy in expanding its core capabilities in the key industry specialty areas of Aerospace, Construction, Energy, Entertainment and Hospitality, Private Equity, Real Estate and Technology. In addition, JLT Specialty USA also has expertise in the key product specialty areas of D&O, Cyber, E&O, Credit, Political and Security Risks, Environmental and Transactional Liability.
The Goodyear Tire & Rubber Company has announced that Peter R. Rapin will join the company as vice president and treasurer. He will report to Laura K. Thompson, executive vice president and chief financial officer.
Rapin most recently served as vice president, treasury and tax for TRW Automotive (now part of ZF Friedrichshafen AG) where he directed the global treasury, tax, insurance, and pension functions.
“We are pleased to welcome Peter to the Goodyear team,” said Thompson. “He is an accomplished finance executive with extensive treasury experience, an in-depth knowledge of the automotive industry and a proven leadership track record in corporate finance.”
Prior to joining TRW in 2003, Rapin spent eight years with Engelhard Corp., a specialty chemical company, where he served as treasurer from 1998 to 2003 and assistant treasurer from 1995 to 1998. He began his career at Westinghouse Electric Corp. in 1981 where he held various senior treasury positions.
He earned a Bachelor of Science degree in finance and a Master of Business Administration degree from Duquesne University.
Rapin will succeed Thomas Kaczynski who has served as Goodyear’s treasurer since January 2014. Kaczynski is leaving the company for another opportunity, effective August 28, 2015.
Goodyear is one of the world’s largest tire companies. It employs about 67,000 people and manufactures its products in 50 facilities in 22 countries around the world. Its two Innovation Centers in Akron, Ohio and Colmar-Berg, Luxembourg strive to develop state-of-the-art products and services that set the technology and performance standard for the industry.
Dropbox has recruited Joel Edelmann as their new Global Head of Tax, effective June 2015.
Joel trained with KPMG but since leaving in 1988 he has worked only in industry – Amoco, then BHP Billiton and then Accenture where he was Tax Director for 9 years.
In 2011 Joel moved to Yelp, before the company’s IPO in March 2012. He ran both tax & treasury functions until May 2015 and been replaced by Edward Jajeh.
Online reviews company, Yelp, has recruited Edward Jajeh as their new Head of Tax. He will be based in the Head Office in San Francisco and reports to the CFO, Rob Krolik.
Edward joins from Riverbed Technology, an IT application performance company, where he has worked since 2007 as VP Tax, managing a team of 8 tax professionals.
In his earlier career he worked as Senior Tax Counsel at Chevron (2000 to 2007) and a tax manager at Deloitte (1996 to 2000).
Mr Jajeh replaces Joel Edelmann (whose title at Yelp was Senior Director Tax & Treasury). Joel has now joined Dropbox as Global Head of Tax.
Dan Russo has joined Purdie Pharma as Tax Officer with responsibility for all tax matters, including business development tax structuring.
Dan most recently was Vice President Tax, Americas for Diageo; Tax Director for ITT Corporation; and Tax Counsel at Xerox Corporation. He holds a Bachelor of Arts Degree in Accounting from Rutgers University, a JD from Boston College Law School, and an LLM in Taxation from Boston University Law School.
Purdue Pharma and its associated U.S. companies are privately-held pharmaceutical companies known for pioneering research on chronic pain. Headquartered in Stamford, CT, Purdue is engaged in the research, development, production, and distribution of both prescription and over-the-counter medicines and hospital products. .
Florida based transportation company, CSX, has announced the appointment of a new leader of its tax function.
William “Rusty” Russell has been named vice president-tax and will report to Fredrik Eliasson, executive vice president and chief financial officer. The appointment will be effective from July 1.
Russell joined CSX in 1996 and has served in senior leadership positions within the finance and internal audit organizations. Previously, Russell was assistant vice president-tax compliance. He is a Certified Public Accountant who began his career with Price Waterhouse and AT&T before joining CSX. He holds bachelor’s and master’s degrees from West Virginia University.
CSX, based in Jacksonville, Florida, is a transportation company. It provides rail, intermodal and rail-to-truck transload services and solutions to customers across a broad array of markets, including energy, industrial, construction, agricultural, and consumer products.
Elisa DiVito-Herpst has joined First Niagara Financial Group as Senior Vice President and Tax Director, reporting to Greg Norwood, the company’s Chief Financial Officer.
DiVito-Herpst comes to First Niagara with in excess of 20 years’ banking tax experience, most recently as Assistant Corporate Tax Director at KeyCorp. She also worked at Bank of America as the State Tax Manager, along with other tax positions at New England Electric System and Coopers & Lybrand, where her focus was financial institutions.
“We are pleased to welcome to the team someone with Elisa’s credentials and proven leadership ability. She is especially passionate about increasing opportunities for women, something we strive for at First Niagara,” Greg Norwood said.
DiVito-Herpst is a graduate of Bryant University, where she obtained a bachelor’s degree in accounting and a master’s degree in taxation. She is a certified public accountant and a member of the Financial Institution State Taxation (FIST) Coalition – a by-invitation-only organization – comprised of 17 financial institutions.
Marsh & McLennan Companies has announced that Dina Shapiro has been appointed Vice President, Head of Tax, reporting to Marsh & McLennan Companies Chief Financial Officer Mike Bischoff, effective March 30, 2015.
Ms. Shapiro will be based at Marsh & McLennan Companies’ corporate headquarters in New York City.
In this role, Ms. Shapiro will be responsible for financial reporting, project planning and development, global tax compliance, tax treatment of continuing operations, tax examinations, budgeting, and business planning. Ms. Shapiro will also advise the Executive Committee, Audit and Finance Committees, and the Board of Directors on tax-related issues.
Ms. Shapiro joins Marsh & McLennan from American Express, where she was Senior Vice President, Tax, with responsibility for tax planning, exposure management, tax compliance, and accounting since 2012. In that role, Ms. Shapiro additionally provided guidance on tax legislative and regulatory matters and business support with respect to all forms of income and non-income taxes. Ms. Shapiro joined American Express in 2010 as Head of International Tax.
“I am delighted to welcome Dina to Marsh & McLennan,” said Mr. Bischoff. “With her deep and wide-ranging tax experience, she will be an excellent addition to our leadership team.”
Prior to American Express, from 2006 to 2010, Ms. Shapiro served as Chief Tax Officer for GMAC, where she oversaw the tax department team comprising more than 60 professionals in six locations covering all GMAC businesses globally, including auto finance, mortgage operations, and structured finance. Prior to GMAC, Ms. Shapiro spent 11 years at Citigroup where she held numerous senior roles, including Senior International Tax Counsel and Deputy Head of Tax.
Ms. Shapiro received her undergraduate degree from State University at Binghamton, her law degree from Fordham University, and her LLM in Taxation from Georgetown University Law Center.