Brown & Brown, Inc. Names Vaughn Stoll as Director of Acquisitions
March 01 2011 - 8:52AM
Marketwired
J. Scott Penny, Chief Acquisitions Officer and Regional President
of Brown & Brown, Inc. (NYSE: BRO), is pleased to announce
that, effective immediately, Vaughn Stoll, CPA, currently Regional
Financial Officer for the Company, has been selected to serve as
the Company's Director of Acquisitions. In his new position, Mr.
Stoll will be responsible for assisting the Company's senior
leadership and profit center leaders to identify and evaluate
acquisition opportunities for the Company and its subsidiaries
throughout the United States.
Mr. Stoll joined Brown & Brown as Regional Financial Officer
in April 2009. In that position, Mr. Stoll has been responsible for
the oversight of financial operations for multiple profit centers
across the United States in each of the Company's four business
divisions -- Retail, Wholesale Brokerage, Programs and Services.
Additionally, Mr. Stoll has played an integral part in numerous
acquisitions for the Company, taking a leading role from inception
to due diligence, and on through completion and integration.
Mr. Stoll earned his Bachelor of Science degree in Accounting
from the University of Florida. Additionally, he holds a Master of
Accountancy degree from the University of South Florida. Mr. Stoll
is also a Certified Public Accountant.
Prior to joining Brown & Brown, Mr. Stoll served as Chief
Financial Officer for a publicly-held construction and
environmental company, and for a private building materials firm,
each in South Florida. Prior to that, Mr. Stoll served as a Tax
Development Analyst for Arthur Andersen LLP, and later as Audit
Supervisor for Nowlen, Holt & Miner, a regional accounting
firm.
Commenting on Mr. Stoll's new role, Mr. Penny said, "We are very
pleased to promote Vaughn to this very important position within
our Company. In addition to organic growth, the Company's continued
growth through mergers and acquisitions is a key part of our
business model. As Director of Acquisitions, Vaughn will play a
critical part in, identifying, assessing and pursuing high-quality
M&A partners with the right cultural fit for our Company."
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,
Medicare set-aside, and Social Security and Medicare benefits
advocacy 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.
J. Scott Penny Chief Acquisitions Officer & Regional
President (386) 239-4066
Brown and Brown (NYSE:BRO)
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