FM Global picks its next CEO as Lawson to leave at end of year
Commercial property insurer FM Global has revealed its new chief executive officer (CEO) succeeding Thomas Lawson, who is leaving the company after 42 years.
The current executive vice president Malcolm Roberts has been appointed president and elected to the company’s board of directors, effective August. He will succeed Lawson as CEO in January 2022.
Roberts joined the mutual insurance company in 1995 as a loss prevention consultant in London after working as a chemical engineer. He has held a variety of management roles within the company across the globe and was appointed to his current position in 2018.
As president, he will be responsible for the strategic and operational direction of the company, which insures nearly $10.2 trillion in business property in more than 130 countries.
Lawson will retire on December 31, after 42 years with the company and will remain chairman of FM Global’s board of directors. He became CEO in 2015. Since that time, Lawson has helped the company grow from $5.6 billion to $7.4 billion in annual revenue and from $11 billion to $18.4 billion in policyholders’ surplus.
“This is an exciting step in the future direction of the company,” said Lawson. “Malcolm has the right balance of leadership skills and vision, intrinsic understanding of our corporate culture, comprehensive insight into our clients’ complex needs as well as extensive industry knowledge and experience. That, combined with FM Global’s enduring business model solely focused on property risk management and the resilience of our policyholders, will ensure the continued success we share with our client-owners.”
Did you get value from this story? Sign up to our free daily newsletters and get stories like this sent straight to your inbox.
