BB&T Insurance Holdings CEO to step down
Wade Reece, the chairman and chief executive officer (CEO) of BB&T Insurance Holdings, has unveiled plans to step down at the end of the year.
He will be succeeded by John Howard, vice chairman and CEO of the wholesale and specialty division of BB&T Insurance Holdings.
Reece has been with BB&T for 37 years. In this time, BB&T Insurance Holdings has grown to be the fifth largest insurance broker in the US and the sixth largest in the world with more than $1.7 billion in revenue in 2014, according to the broker.
Kelly King, BB&T chairman and CEO, said: "This is a very bittersweet moment. Wade is the personification of a great leader, displaying an extraordinary commitment to excellence, a dedication to the highest standards and exceptional management expertise.
“Under his guidance, BB&T Insurance Services' growth has been nothing short of phenomenal. We will surely miss him and wish him the greatest success in this new chapter of his life."
Chris Henson, BB&T chief operating officer, said: "We are extremely pleased John Howard will be stepping into the role of chairman and CEO of BB&T Insurance Holdings. John's skills and talent are certain to continue the momentum and success Wade has charted for this very important line of business."
Howard added: "One thing I've learned through the years is success always comes down to relationships that are developed through knowledge, expertise and shared values. I think that's been one of Wade's real strengths, and I plan to continue to build upon that legacy he has built at BB&T Insurance.”
