Brown & Brown, Inc. Announces Promotion of Stephen M. Boyd to Lead Wholesale Brokerage Segment
January 25 2021 - 9:00PM
Brown & Brown, Inc. (NYSE:BRO) (the “Company”) today announced
the promotion of Stephen M. Boyd to the position of Executive Vice
President and President of the Company’s Wholesale Brokerage
Segment.
Mr. Boyd most recently served as the Company’s
Senior Vice President of Technology, Innovation, and Digital
Strategy. He joined the Company’s subsidiary, Arrowhead General
Insurance Agency, Inc., in 1995 and has served in various roles,
including as Arrowhead’s President and Chief Operating Officer,
President of Arrowhead’s Commercial Division, and Arrowhead’s Chief
Information Officer. He has also served as a senior leader within
Brown & Brown’s National Programs Segment.
Anthony T. Strianese, who previously served as
the President of the Company’s Wholesale Segment, has been named
Chairman of the Company’s Wholesale Brokerage Segment. He will
remain an Executive Vice President of the Company and will continue
to serve on the Company’s executive leadership team.
Powell Brown, the Company’s President and Chief
Executive Officer, stated, “For more than two decades, Tony
Strianese has been the leading force behind the extraordinary
growth and success of our Wholesale Brokerage Segment. We are
thankful for his years of valuable service and are fortunate we
will continue to benefit from his leadership and guidance as Steve
transitions into his new position. As someone with an impressive
breadth of experience in various operating and technology roles,
Steve has proven himself as an exceptional leader, and we are
excited about his ability to continue driving profitable growth for
the Wholesale Brokerage Segment into the future.”
Brown & Brown, Inc. is a leading insurance
brokerage firm, providing risk management solutions to individuals
and businesses. With more than 80 years of proven success and
thousands of teammates, we offer knowledge you can trust and strive
to deliver superior customer service. For more information, please
visit bbinsurance.com.
This press release may contain certain
statements relating to future results which are forward-looking
statements, including those associated with the Wholesale Brokerage
Segment. These statements are not historical facts, but instead
represent only Brown & Brown’s current belief regarding future
events, many of which, by their nature, are inherently uncertain
and outside of Brown & Brown’s control. It is possible that
Brown & Brown’s actual results and financial condition may
differ, possibly materially, from the anticipated results and
financial condition indicated in these forward-looking statements.
Further information concerning Brown & Brown and its business,
including factors that potentially could materially affect Brown
& Brown’s financial results and condition, as well as its other
achievements, is contained in Brown & Brown’s filings with the
Securities and Exchange Commission. Such factors include those
factors relevant to Brown & Brown’s consummation and
integration of the announced acquisition, including any matters
analyzed in the due diligence process, and material adverse changes
in the business and financial condition of the seller, the buyer,
or both, and their respective customers. All forward-looking
statements made herein are made only as of the date of this
release, and Brown & Brown 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
Brown & Brown hereafter becomes aware.
R. Andrew Watts Chief Financial Officer (386)
239-5770
Brown and Brown (NYSE:BRO)
Historical Stock Chart
From Aug 2024 to Sep 2024
Brown and Brown (NYSE:BRO)
Historical Stock Chart
From Sep 2023 to Sep 2024