Lloyd’s of London announced today that Chief Financial Officer John Parry has decided to leave the corporation after 17 years.

Parry joined Lloyd’s in August 2001. He was appointed chief financial officer in December 2014 and is a member of both Lloyd’s board and executive committee. His responsibilities include financial reporting for the corporation and the market, capital setting and capital adequacy, tax, treasury and investment management.

His leaving date has not been finalized, but Lloyd’s said it will start the search to find his successor immediately.

Lloyd’s CEO Inga Beale said Parry has made an “exceptional contribution” to Lloyd’s and the market. “In a period of unparalleled change in the insurance industry, his knowledge, experience and great commitment to the Lloyd’s market have earned him the respect of all those who work with him,” she said.

Source: Lloyd’s of London