Axis Capital announced that its Board of Directors has implemented certain management changes, effective immediately, to further enhance the company’s human capital and position the company for substantial growth in the North American market.

Mostafiz ShahMohammed, current Chairman of Axis, has taken on the additional role of CEO. He is supported by the new appointment of Malia K. Du Mont as Co-President and COO along with the promotion of Andrea Zana to Co-President and Chief Risk Officer. Shauna Heckathorn remains in the role of CFO. Gordon Glade, founder and former CEO of Axis, has become Vice Chairman focused on expanding business in Canada; former Axis President Cecilia Park is taking on the newly formed position of Executive Vice President for Investment Strategy at Axis’ parent company, Amur Finance Company.

Mr. ShahMohammed, Axis Chairman and CEO, said, “The results-focused leadership style of both Malia and Andrea makes them excellent candidates to build on Axis’ strong market position. Andrea has an extensive background across diverse financial markets and Malia brings unique expertise in strategic planning, skills that are critical at this time of growth.” He added, “2015 was a record year at Axis, as we saw a significant increase in new business volume and managed assets, both up nearly 50 percent against 2014. This reorganization with expansion of roles and responsibilities will capitalize on the strong foundation and human talent that Axis has been building and allow for continued success and profitability in the coming years.”

Last month marked the fifth anniversary of the relationship between Amur Finance Company and Axis. The reorganization will position Axis to capture the rapidly growing demand for flexible and smart financing solutions for a wide range of equipment vendors and business owners throughout North America.