The former head of Zurich Insurance and lead director of Goldman Sachs, James Schiro has died at the age of 68, the bank said.
The American citizen, who also served on the boards of Pepsico and Reva Medical, had retired from the bank’s board in July after being diagnosed with multiple myeloma, a type of blood cancer.
“We are greatly saddened by the passing on August 13 of our former lead director, James Schiro. Our thoughts are with his wife and children,” Goldman Sachs said on its Twitter feed on Friday.
In 2002, Schiro became the first non-Swiss to lead Zurich Financial Services, later renamed Zurich Insurance. He spent seven years at the top and helped restore the then troubled insurer back to profitability.
Before joining Zurich, Schiro served as chief executive of accounting firm PricewaterhouseCoopers. He was named lead independent director of Goldman Sachs in 2012.
(Reporting by Alice Baghdjian; Editing by Alison Williams)
Was this article valuable?
Here are more articles you may enjoy.
Virginia’s New Gun Laws Challenged by Some Local Prosecutors and Lawsuits 
Ship Insurers Set for Major Claims From Iran War, Allianz Says 
Florida’s Unemployment Rate Is Surging Even as High-Profile Companies Move In 
Big I: Independent Agencies’ Market Share Up Slightly in 2025 
