Fairfax Financial Holdings has said that Greg Taylor, after five years of service as Fairfax’s chief financial officer(CFO), is returning to an operational role at Fairfax’s investment management subsidiary, Hamblin Watsa, assisting with the selection and supervision of Fairfax’s significant investments.

In addition, John Varnell, who formerly served as the CFO of Fairfax and then of Fairfax’s Northbridge subsidiary and subsequently continued with Fairfax in a transactional support role, has been returning to assume the office of CFO of Fairfax.

Prem Watsa, chairman and CEO of Fairfax, said: “Greg has been an outstanding chief financial officer, both at our Northbridge subsidiary when it went public and subsequently at Fairfax, inspiring confidence and respect internally, with our regulators and in the investment community, and we have been the beneficiaries of his performance skills and his unstinting commitment of time and energy.

And we of course know from our long relationship with John that he has both the experience and the knowledge to seamlessly return to the Chief Financial Officer position at Fairfax.”