Ron Lockton Named President and CEO at Lockton, Inc.

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Jul 18, 2017, 13:00 ET

KANSAS CITY, Mo., July 18, 2017 /PRNewswire/ -- Lockton, Inc. Chairman David Lockton today announced that Ron Lockton will expand his role to become President and CEO of Lockton, Inc. Ron Lockton has served as Vice Chairman for the past two years as part of Lockton's succession plan.

He succeeds Glenn Spencer, who has resigned as Lockton, Inc. President and CEO for personal reasons, effective immediately. David Lockton thanked him for his contributions to the company and wished him well.

Ron Lockton Named Global CEO at Lockton, Inc.

"Ron and I have worked together on a daily basis since he was appointed Vice Chairman two years ago," David Lockton 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 will work closely with David Lockton, US 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 foodservice, construction, professional services, manufacturing, and other industry sectors. He joined Lockton Companies in 1990 after working with Aetna as a casualty underwriter. He is a graduate of the University of Kansas. Ron is the son of Lockton's late founder, Jack Lockton, and is David's nephew.

About Lockton
Lockton is a global professional services firm with 6,500 Associates who advise clients on protecting their people, property and reputations. Lockton has grown to become the world's largest privately held, independent insurance broker by helping clients achieve their business objectives.

J.D. Power ranked Lockton as the highest-performing broker in its 2016 Large Commercial Insurance Study. For eight consecutive years, Business Insurance magazine has recognized Lockton as a "Best Place to Work in Insurance."

SOURCE Lockton