Lockton, Inc. chairman David Lockton announced this morning that Ron Lockton will expand his role to become president and CEO of the world’s largest independent insurance brokerage. He succeeds Glenn Spencer, who resigned from those roles for personal reasons, effective immediately.
Ron Lockton has served as vice chairman for the past two years as part of Lockton’s succession plan. “Ron and I have worked together on a daily basis since he was appointed vice chairman two years ago,” David Lockton said in a news release announcing the move. “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 will work closely with David Lockton, U.S. President Peter Clune, International CEO Neil Nimmo, and Lockton leaders around the world.
“I look forward to this opportunity and the challenges that come with it,” said Ron Lockton. “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 led the dramatic 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. In addition to his duties as vice chairman, he works with a wide array of clients in food-service, construction, professional services, manufacturing and other industry sectors. He joined Lockton Companies in 1990 after working with Aetna as a casualty underwriter. A graduate of the University of Kansas, he is the son of Lockton’s late founder, Jack Lockton, and is David’s nephew.