Lee M. Shavel has been the CEO of Verisk Analytics, Inc. since May 2022, taking over after Scott G. Stephenson retired. He has a strong background in finance, having previously served as the Chief Financial Officer at Nasdaq, Inc. and...
Lee M. Shavel has been the CEO of Verisk Analytics, Inc. since May 2022, taking over after Scott G. Stephenson retired. He has a strong background in finance, having previously served as the Chief Financial Officer at Nasdaq, Inc. and worked for Bank of America Merrill Lynch for almost 20 years. Lee has a knack for handling the complexities of the financial world, especially in the insurance sector, where Verisk operates. Under his leadership, Verisk has focused on using data and analytics to tackle emerging risks in insurance, helping clients adapt in challenging environments. In 2023, his total compensation was over $10 million, which included a significant cash bonus tied to the company's performance. Lee's decisions are driven by results, as shown by the emphasis on performance measures that affect his bonuses and long-term incentives. Notably, he has previously held substantial insider holdings that reflected the company's stock growth, indicating his commitment to aligning with shareholders' interests. His strategic outlook and experience have positioned Verisk as a key player in providing valuable insights in the insurance industry.