Brown & Brown, Inc. Elects Scott Penny as Regional President
July 22 2010 - 11:13AM
Marketwired
The Board of Directors of Brown & Brown, Inc. (NYSE: BRO) today
announced that J. Scott Penny, CIC, has been promoted to the
position of Regional President. Mr. Penny, who has served as one of
the Company's Regional Executive Vice Presidents since 2002, is
responsible for oversight of retail profit center operations of
certain of the Company's subsidiaries in Connecticut, Illinois,
Indiana, Kentucky, Massachusetts, Michigan, Minnesota, New
Hampshire, New York, Ohio, and Washington. Mr. Penny also oversees
the operations of Axiom Re, Inc. in Florida and North Carolina.
J. Powell Brown, President and Chief Executive Officer,
commented, "This action demonstrates our commitment to our stated
goal of maintaining the best possible management structure for our
organization. Scott's responsibilities have steadily increased
since he joined the Company more than 20 years ago, and he has been
a major contributor to the success of Brown & Brown throughout
his tenure here."
Mr. Penny began his career with the Company in 1989 in Daytona
Beach, Florida, where he worked as a marketing representative,
account executive and producer before his promotion to the position
of Profit Center Leader in Jacksonville, Florida and, subsequently,
his work in that capacity in Indianapolis, Indiana. Mr. Penny
received the Company's Top Gun award in 1994 and has served as one
of the Company's Regional Executive Vice Presidents since 2002. In
his new position as Regional President Mr. Penny will continue to
be responsible for his current regional operations but will have an
expanded role in helping grow the Company's overall operations.
Mr. Penny is a graduate of Vanderbilt University, where he
received a degree in Political Science. He has served in various
advisory and board capacities for Central Indiana Insurance Agents,
United Way of Volusia County, United Way of Indianapolis and the
Boys and Girls Club of Indianapolis. Mr. Penny has served and
continues to serve on various regional and national insurance
carrier advisory councils and holds a Certified Insurance Counselor
(CIC) designation.
Brown & Brown, Inc. and its subsidiaries offer a broad range
of insurance and reinsurance products and services, as well as risk
management, third-party administration, managed health care, and
Medicare set-aside services and programs. Providing service to
business, public entity, individual, trade and professional
association clients nationwide, the Company is ranked by Business
Insurance magazine as the United States' seventh largest
independent insurance intermediary. The Company's Web address is
www.bbinsurance.com.
This press release may contain certain statements relating to
future results which are forward-looking statements. These
statements are not historical facts, but instead represent only the
Company's current belief regarding future events, many of which, by
their nature, are inherently uncertain and outside of the Company's
control. It is possible that the Company's actual results,
financial condition and achievements may differ, possibly
materially, from the anticipated results, financial condition and
achievements contemplated by these forward-looking statements.
Further information concerning the Company and its business,
including factors that potentially could materially affect the
Company's financial results and condition, as well as its other
achievements, are contained in the Company's filings with the
Securities and Exchange Commission. All forward-looking statements
made herein are made only as of the date of this release, and the
Company does not undertake any obligation to publicly update or
correct any forward-looking statements to reflect events or
circumstances that subsequently occur or of which the Company
hereafter becomes aware.
Contact: Cory T. Walker Chief Financial Officer (386)
239-7250
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