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ICBC announces interim CEO

October 23, 2012

ICBC's Board of Directors has announced the appointment of Mark Blucher as interim president and CEO effective immediately. Blucher was most recently ICBC's senior vice president of insurance, a position he has held since joining ICBC in 2010.

In his most current role as senior vice president, he was responsible for pricing, product design, product marketing and sales through the corporation's broker network for both basic and optional insurance.

Blucher has an extensive background in insurance and financial services including a number of senior executive positions in New Zealand and Australia. He is an associate of the Financial Services Institute of Australasia and a graduate of the Advanced Management Program at INSEAD, an international business school and research institution.

As interim CEO, Blucher will ensure ICBC continues to provide superior customer service and the best insurance coverage at the lowest rates possible. He will also work closely with the Board of Directors and management to implement ICBC's business plan, with a renewed focus on cost control and financial stability.

Blucher will serve as interim president and CEO until further notice.

Media contact:
Adam Grossman