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Fast-growing brokerage AssuredPartners Inc. on Tuesday unveiled a series of changes to its senior leadership to support incoming CEO Thomas E. Riley from Jan. 1, 2021.
Under the changes, Paul Vredenburg has been promoted to chief operating officer and will continue as chief acquisitions officer, a position he has served in since the company’s founding in 2011, AssuredPartners said in a statement.
As COO, Mr. Vredenburg, will oversee the operational functions of the business, leading multiple corporate departments, based out of AssuredPartners’ Lake Mary, Florida, headquarters.
All agency operations will now report to presidents Randy Larsen and Sean Smith, the brokerage said.
Mr. Larsen, former president of Western regions, has been named president focused on retail operations in the Eastern and Central territories, based in Kansas City, Missouri. He will have seven regional president direct reports and oversee 125 office locations, the statement said.
Mr. Smith, current CEO of Keenan & Associates, has been named president responsible for specialty services and western retail operations, the statement said. He is based in Torrance, California, and will continue as CEO of Keenan in addition to his new role as president.
Ty Beba, current chief organic growth officer, has also been promoted to chief revenue officer, AssuredPartners said.
In this role, he will be responsible for organic growth in addition to training and development, vertical and specialty practice expansion, strategic marketing, customer experience management and recruiting sales leadership talent, the brokerage said. Mr. Beba is based in Cranford, New Jersey.
“I am confident that this core leadership group will continue to work as a cohesive team to design and implement the strategic initiatives that will be critical for the next chapter in the AssuredPartners’ story,” Mr. Riley said in the statement.
AssuredPartners is the 11th-largest brokerage of U.S. business, according to Business Insurance’s latest ranking, with about $1.4 billion in brokerage revenue.
AssuredPartners Inc. on Monday named Jon Downey president of AssuredPartners Aerospace LLC, the Lake Mary, Florida-based brokerage’s aviation unit.