Majesco (NASDAQ: MJCO), a global leader of cloud insurance software solutions for insurance business transformation, has announced that Carolyn Johnson will join its Board of Directors.
Ms. Johnson joins Majesco's Board of Directors with more than 30 years of experience in financial services, most recently serving as Chief Transformation Officer for AIG, Inc., a global insurer.
"Carolyn is an outstanding addition to our Board. She is an accomplished business leader and experienced board member in the insurance and financial services industry. I'm excited about the value her insights, business acumen and counsel will bring as we look ahead and continue to pursue Majesco's vision for the future of insurance, laying a path of innovation and transformation for the industry," commented Majesco CEO Adam Elster.
Prior to AIG, Ms. Johnson was Chief Executive Officer, Annuities and Individual Life for Voya Financial, Inc., a financial, retirement, investment and insurance company. Before that, she served as President, Annuities and the Tax Exempt Retirement business at Voya, and as an active member of Voya's Risk and Product Committees. Ms. Johnson's earlier experience included various senior executive roles, such as Executive Vice President and Chief Operating Officer of Protective Life Corporation ("Protective"), a company specializing in life and specialty insurance and investment products, and leadership roles in business, operations and marketing with Bankers Life & Casualty Co. and several Transamerica/AEGON subsidiaries.
Ms. Johnson served on the boards of the Secure Retirement Institute and Insured Retirement Institute, was the Vice Chair of the Secure Retirement Institute and the Vice Chair of the Financial Literacy Committee. She also served on the American Council of Life Insurers CEO Steering Committee on Consumer Issues. She earned her Bachelor of Science in Business Administration from California State University, Los Angeles, and studied executive-level finance at Harvard Business School.
"Majesco has a fantastic legacy of delivering innovation and transformation in the insurance industry, and I believe they are uniquely positioned to help insurance companies take advantage of the disruption and opportunity developing as a result of a rapidly changing technology and customer landscape," commented Johnson. "I look forward to working with the leadership team and the rest of the Board of Directors to build on their impressive performance and growth and help shape the future of an entire industry."
Shares of Majesco Ltd was last trading in BSE at Rs.424.8 as compared to the previous close of Rs. 421.1. The total number of shares traded during the day was 2381 in over 250 trades.
The stock hit an intraday high of Rs. 438.45 and intraday low of 419.45. The net turnover during the day was Rs. 1019439.