BRP Group, Inc. Announces Nomination of Sathish Muthukrishnan to Its Board of Directors
April 25 2023 - 4:52PM
Business Wire
BRP Group, Inc. ("BRP Group") (NASDAQ: BRP) today announced that
Sathish Muthukrishnan, Chief Information, Data and Digital Officer
at Ally Financial Inc. (“Ally”), has been nominated as a director
for election at BRP Group’s 2023 Annual Meeting of Shareholders
(the “Annual Meeting”), to be held on June 5, 2023. BRP Group also
announced that Phil Casey, who has served on BRP Group’s Board of
Directors (“Board”) and as Audit Committee Chair since its initial
public offering, will be retiring from the Board when his term
expires at the Annual Meeting. BRP Group and its Board express its
gratitude to Mr. Casey for his leadership, sage counsel, financial
acumen, and dedication to BRP Group and its shareholders throughout
his tenure on the Board, which reflected his more than 50-year
career as a leader and a professional.
"Sathish will bring extensive experience in digital and
technology transformation to our Board, and we are fortunate and
honored to have another industry leader join our dynamic and
diverse Board," said Lowry Baldwin, Chairman of the Board. "As BRP
continues to transform our business into a transcendent insurance
and risk management brand, we will benefit from Sathish’s unique
experiences and perspectives. He has a proven track record of
modernizing processes, teams and technology resulting in
transformative business outcomes across multiple companies in
financial services, e-commerce, airline operations, reservations,
and inventory management arenas. He will bring these valuable
insights and knowledge to our Board and help us further accelerate
our progress.”
Trevor Baldwin, Chief Executive Officer and Director, said, "The
nomination of Sathish to our Board further demonstrates our focus
on attracting outstanding independent leaders to join us in our
pursuit of innovating the industry and supporting our clients
through outstanding advisory services and vanguard technology and
resources. As we pursue our vision of being regarded as the
preeminent insurance advisory firm and building out the insurance
distribution platform of the future, we gain tremendous breadth and
depth of business acumen across multiple industries from the
leaders on our Board."
In his current role, Mr. Muthukrishnan is responsible for
advancing Ally’s technical and digital capabilities, including
cyber security and infrastructure, and accelerating the company’s
growth and evolution as a leader in the digital financial services
sector. Previously, he served as the Chief Digital and Information
Officer for Honeywell Aerospace, a division of Honeywell
International. Prior to Honeywell Aerospace, Mr. Muthukrishnan held
several leadership roles at American Express.
Mr. Muthukrishnan graduated from the University of Madras with a
degree in engineering specializing in computer science. He is a
member of the Advisory Board of WIT International, a member of the
MMA Chief Digital Officers Board, and a member of the Board for
Road to Hire.
ABOUT BRP GROUP, INC.
BRP Group, Inc. (NASDAQ: BRP) is an independent insurance
distribution firm delivering tailored insurance and risk management
insights and solutions that give our Clients the peace of mind to
pursue their purpose, passion and dreams. We are innovating the
industry by taking a holistic and tailored approach to risk
management, insurance and employee benefits, and support our
Clients, Colleagues, Insurance Company Partners and communities
through the deployment of vanguard resources and capital to drive
our growth. BRP Group represents over 1,200,000 clients across the
United States and internationally. For more information, please
visit www.baldwinriskpartners.com.
NOTE REGARDING FORWARD-LOOKING STATEMENTS
This press release may contain various “forward-looking
statements” within the meaning of the Private Securities Litigation
Reform Act of 1995, which represent BRP Group’s expectations or
beliefs concerning future events. Forward-looking statements are
statements other than historical facts and may include statements
that address future operating, financial or business performance or
BRP Group’s strategies or expectations. In some cases, you can
identify these statements by forward-looking words such as “may,”
“might,” “will,” “should,” “expects,” “plans,” “anticipates,”
“believes,” “estimates,” “predicts,” “projects,” “potential,”
“outlook” or “continue,” or the negative of these terms or other
comparable terminology. Forward-looking statements are based on
management’s current expectations and beliefs and involve
significant risks and uncertainties that could cause actual
results, developments and business decisions to differ materially
from those contemplated by these statements.
Factors that could cause actual results or performance to differ
from the expectations expressed or implied in such forward-looking
statements include, but are not limited to, those described under
the caption “Risk Factors” in BRP Group’s Annual Report on Form
10-K for the year ended December 31, 2022, and in BRP Group’s other
filings with the SEC, which are available free of charge on the
SEC's website at: www.sec.gov, including those risks and other
factors relevant to the business, financial condition and results
of operations of BRP Group. Should one or more of these risks or
uncertainties materialize, or should underlying assumptions prove
incorrect, actual results may vary materially from those indicated.
All forward-looking statements and all subsequent written and oral
forward-looking statements attributable to BRP Group or to persons
acting on behalf of BRP Group are expressly qualified in their
entirety by reference to these risks and uncertainties. You should
not place undue reliance on forward-looking statements.
Forward-looking statements speak only as of the date they are made,
and BRP Group does not undertake any obligation to update them in
light of new information, future developments or otherwise, except
as may be required under applicable law.
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version on businesswire.com: https://www.businesswire.com/news/home/20230425006105/en/
Investor Relations Bonnie Bishop, Exec. Director Baldwin
Risk Partners 813.259.8032 IR@baldwinriskpartners.com
Media Anna Rozenich, Sr. Director, Enterprise
Communications Baldwin Risk Partners 630.561.5907
Anna.rozenich@baldwinriskpartners.com
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