Thomas E. Riley has been promoted to chief acquisitions officer for Brown & Brown Inc. and will assume responsibility for mergers and acquisitions activity of the company and its subsidiaries, and for the supervision of the personnel within the company who work on acquisition matters.
He will also continue as regional president for south Florida and northeastern U.S. territories in addition to his new responsibilities.
Mergers and acquisitions is not new territory for Riley. Of the 337 acquisition transactions consummated by Brown & Brown affiliates since 1993, he has been personally involved with nearly 25 percent of them, according to J. Powell Brown, president and CEO of the giant Florida-based agency.
Riley has been with Brown & Brown since 1990, when he joined as chief financial officer. He has been promoted through several positions over the years and was elected as regional executive vice president in 2001. He was elected regional president in 2005.
Source: Brown & Brown, Inc.
Topics Mergers & Acquisitions
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