Markel announces next CFO

Teri Gendron was Jefferies CFO

Published February 9, 2023 by Katherine Schulte

Teri Gendron will succeed Jeremy Noble as Markel Corp.’s chief financial officer on March 20, the Glen Allen-based Fortune 500 insurance and investment firm announced Tuesday.

Noble became president of Markel’s insurance operations earlier this year. Gendron will oversee and manage the holding company’s financial operations across its three divisions: insurance, investments and Markel Ventures. She’ll be based in Markel’s Glen Allen headquarters and will report to Markel CEO Tom Gayner.

“The pool of finance leaders with experience supporting a group of businesses and investments as diverse as ours is somewhat limited, and to find someone who also shares our commitment to success, management style, sense of humor and other cultural values, well that’s priceless to us,” Gayner said in a statement.

Gendron was most recently CFO of New York-based investment bank and capital markets firm Jefferies Financial Group Inc. Prior to joining Jefferies, she was vice president and controller at Gannett Co. Inc. She previously served as vice president of finance and then vice president and controller of NII Holdings Inc., according to her LinkedIn. Gendron began her career at KPMG.

She holds an MBA from Georgetown University and a bachelor’s degree from the University of Virginia.

Markel has about 20,300 employees and reported $11.67 billion in 2022 operating revenue, down from $12.84 billion in 2021. Its total 2022 assets were $49.79 billion.

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