Hub International CFO becomes CEO of Hub Ontario

Dennis J. Pauls has been named president and CEO of Hub International Ontario Limited (“Hub Ontario”).
Pauls previously served as the CFO of Hub International Limited (NYSE:HBG) (TSX: HBG) for more than six years. He will assume his new role on Sept. 5, 2006.
Hub International will immediately begin the process of identifying a candidate to replace Mr. Pauls as CFO, the company announced in a press release. In the meantime, Pauls will continue to serve as CFO of the company.
“Ontario is one of the leading markets in Canada and continues to be a great opportunity for our growth,” Hub International chairman and CEO Martin P. Hughes said. “Dennis’ transition to the position of CEO of Hub Ontario not only reflects his development as a leader in our company, but also serves as a classic example of how we are putting our best people in our best opportunities.”
Pauls joined Hub International as CFO in 1999 after serving as CFO of one of the company’s founding brokerages. As CFO for Hub, Pauls has overseen financial reporting and information technology.
He participated with other members of management in taking the company public in both Canada and the U.S. In addition, he was instrumental in helping coordinate numerous financing transactions and integrating more than 120 acquisitions.
“Obviously Dennis has mastered the meaning in the numbers,” Hughes continued. “But beyond that, he is uniquely qualified for the leadership role in Ontario because he understands our company and our values, he is a champion of our sales culture, he knows how to convert top line growth into profit, and above all, he understands that teamwork and collaboration are essential to building an organization that will be successful over the long term.
All of our business stakeholders in Ontario clients, markets and employees are going to realize the benefits of Dennis’ move to Ontario.”
Hub Ontario has approximately 300 employees operating from 12 offices across Ontario, providing home, auto, life and commercial insurance, group benefits and other insurance and wealth management-related products and services. It is one of 16 regional hubs operated by Hub International.