Peter Clune will succeed Ron Lockton as chief executive officer at private global insurance broker Lockton, succeeding Ron Lockton who is taking on the role of chairman, effective May 1, 2020.
Clune has been with Lockton for 13 years, most recently serving as U.S. president and chief operating officer.
“Peter is one of very few non-Lockton family members to be CEO in the firm’s 53-year history,” said David Lockton, who is stepping down as chairman. “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.”
Clune replaces Ron Lockton, who is being named chairman of the firm. Ron is 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, including most recently as the CEO of Lockton
David Lockton will step down as chairman, a role he has held for the last 18 years. He will, however, maintain his presence at Lockton with a new focus on promoting Lockton’s “continued aggressive growth at a strategic level. His new role will leverage,” the announcement said.
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.
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