Lockton unveils CEO and president
Broker Lockton has appointed Glenn Spencer as its next president and chief executive officer (CEO), effective May 1, 2017.
He succeeds John Lumelleau, who will continue as president and CEO, working closely with Spencer on the leadership transition until his retirement at the end of Lockton’s fiscal year, April 30, 2017. Lumelleau will continue to serve Lockton as a special advisor after his retirement.
Spencer currently serves as Lockton’s global chief operating officer and president of US operations. He began his insurance career at the Travelers in 1987.
“We are very pleased to have an accomplished internal candidate we trust to lead our associates and to carry on our entrepreneurial culture,” said David Lockton, executive chairman of Lockton. “During his 11 years with Lockton, Glenn has demonstrated the leadership skills to build on our long record of delivering results for clients.”
Lumelleau joined Lockton in 1997, and has served as president and CEO since 2002. According to Lockton, during these two decades, it has globalised and grown twelve-fold from a $97 million operation with seven offices in the US to a $1.3 billion global company with 6,000 associates in 78 offices.
“John has been a tremendous business partner and friend through remarkable change and transformation,” said Lockton. “He has guided our unprecedented growth with his unique combination of leadership, vision, and energy.
“With a steady hand and keen understanding of our industry, John led our global expansion, strengthened relationships with clients and carriers, and bolstered our culture. He helped create an environment that attracts talented Associates, fosters their development, and allows them to flourish by focusing on what is most important: the success of our clients.”
