Axis Capital announced that its board of directors has named Mostafix ShahMohammed, the current chairman of Axis,CEO. In addition, Mailia K. Du Mont was named co-president and COO and Andrea Xana was named co-president and CRO. Shauna Heckathorn will remain the company’s CFO.

In connection with these moves, 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.

“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,” said ShahMohammed. “2015 was a record year at Axis, as we saw a significant increase in new business volume and managed assets, both up nearly 50% 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.”

Axis Capital, a subsidiary of commercial finance firm Amur Finance Company, is a commercial equipment finance company headquartered in Grand Island, NE.