Lockton unveils new CEO and president as Spencer departs

Insurance broker Lockton has named Ron Lockton as its new president and chief executive officer succeeding Glenn Spencer, who has resigned from the position citing personal reasons.

Ron Lockton has served as vice chairman for the past two years as part of Lockton’s succession plan. In his new role, Lockton will work closely with chairman David Lockton, US president Peter Clune, international CEO Neil Nimmo, and Lockton leaders around the world.

"Ron and I have worked together on a daily basis since he was appointed vice chairman two years ago," David said. "I completely trust his instincts, admire his integrity, and know he will be outstanding in this role. Ron will continue to strengthen our leadership team for the long-term as we focus on our future."

Ron Lockton commented: "I look forward to this opportunity and the challenges that come with it. Our business is strong, we have tremendous depth in our leadership team, and we are singularly focused on our stakeholders: our clients, our Associates, and our communities."

Ron Lockton joined Lockton Companies in 1990 after working with Aetna as a casualty underwriter. According to the company, Ron Lockton led the growth of Lockton’s Kansas City property-casualty operation from 2006 through 2014. During that time, Lockton’s Kansas City operations grew from a staff of 350 and revenue of $85 million to a staff of 570 and revenues of $135 million.

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