Brown & Brown announced that Steve Hearn has been named president of the retail segment, while continuing his role as chief operating officer.
His appointment is a strategic decision to ensure business continuity at this exciting stage of the company’s growth journey, Brown & Brown said in a release.
“Steve is an ideal choice to execute our playbook that is designed to drive excellence, scale and market-leading position. With his impressive 35-year track record, reputation within the industry and current operational focus, he is uniquely qualified to lead the retail business going forward and serve as a driving force for U.S. and international growth. His continued leadership will enable us to unlock new opportunities, foster greater innovation and increased teammate collaboration, as well as steward the ongoing integration of Accession Risk Management Group,” said Powell Brown, president and chief executive officer.
In addition to his current responsibilities overseeing our global operations, Hearn, together with the recently enhanced retail senior leadership team, will guide Brown & Brown’s efforts to expand and optimize its global Retail platform, delivering world-class solutions and enhanced enterprise-wide capabilities that create value for customers, carrier partners and shareholders, as well as opportunities for teammates.
To support the company’s global footprint and Retail operations, Hearn will split his time between the UK and the broader European market (based in London) and the United States (based at our headquarters campus), with initial plans underway for a full relocation to Daytona Beach, Florida, following approvals for required work visas.
Barrett Brown, the previous president of the retail segment, is taking a personal leave of absence.
