Lockton appoints Peter Clune CEO
Clune has been with Lockton for 13 years, most recently serving as U.S. president and chief operating officer.
During Lockton Inc.’s annual Global Growth Forum, David Lockton announced the appointment of Peter Clune as CEO and Ron Lockton as chairman of Lockton, effective May 1, 2020.
Clune replaces Ron Lockton, the son of founder Jack Lockton, who died in 2004, and the nephew of current Chairman David Lockton. Ron has worked at Lockton for 29 years as a producer and held several key leadership positions. Clune has been with Lockton for 13 years, most recently serving as U.S. president and chief operating officer.
“Peter is one of the very few non-Lockton family members to be CEO in the firm’s 53-year history,” David Lockton said in a statement. “During his tenure as U.S. president, he has made several key decisions that have been critical to ensuring Lockton’s double-digit growth. He’s a collaborator, a consensus builder and the right leader for Lockton.”
Changing of the guard
David Lockton will step down as chairman, a role he has held for the last 18 years. He will maintain his presence at Lockton, concentrating on promoting Lockton’s continued growth at a strategic level.
“Under David’s leadership, Lockton has grown to a nearly $2 billion dollar global company with more than 7,500 associates in offices around the world,” incoming Chairman Ron Lockton said in a statement. “I am grateful for his leadership and appreciate all the guidance he has given Peter and me as we prepare for our new roles.”
The globalization of Lockton’s brand has been a top priority for Ron Lockton during his term as CEO. Lockton plans a global rollout of its new global brand strategy over the next 12-18 months.
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