Brown & Brown Names New CFO, Elliott Transitions
Ticker: BRO · Form: 8-K · Filed: Aug 12, 2024 · CIK: 79282
Sentiment: neutral
Topics: management-change, cfo-appointment
Related Tickers: BRO
TL;DR
B&B CFO Andy Watts takes over from B.B. Elliott, who moves to advisor role. Effective Aug 12.
AI Summary
Brown & Brown, Inc. announced on August 9, 2024, the appointment of R. Andrew (Andy) Watts as Executive Vice President and Chief Financial Officer, effective August 12, 2024. Watts will succeed Robert E. (B.B.) Elliott, who will transition to a senior advisor role. Watts previously served as Executive Vice President and Chief Financial Officer of the company's Retail segment.
Why It Matters
This leadership change in a key financial role could impact investor confidence and the company's financial strategy moving forward.
Risk Assessment
Risk Level: low — The filing details a planned leadership transition for the CFO role, with the outgoing CFO moving to an advisory position, indicating a smooth and managed change.
Key Players & Entities
- Brown & Brown, Inc. (company) — Registrant
- R. Andrew (Andy) Watts (person) — Appointed Executive Vice President and Chief Financial Officer
- Robert E. (B.B.) Elliott (person) — Outgoing Chief Financial Officer, transitioning to Senior Advisor
- August 9, 2024 (date) — Date of Report
- August 12, 2024 (date) — Effective date of new CFO appointment
FAQ
Who has been appointed as the new Executive Vice President and Chief Financial Officer of Brown & Brown, Inc.?
R. Andrew (Andy) Watts has been appointed as the new Executive Vice President and Chief Financial Officer.
When is the appointment of the new CFO effective?
The appointment of R. Andrew (Andy) Watts as CFO is effective August 12, 2024.
What will be the role of the outgoing CFO, Robert E. (B.B.) Elliott?
Robert E. (B.B.) Elliott will transition to a senior advisor role.
What was R. Andrew (Andy) Watts' previous role within Brown & Brown, Inc.?
R. Andrew (Andy) Watts previously served as Executive Vice President and Chief Financial Officer of the company's Retail segment.
What is the date of the report for this 8-K filing?
The date of the report for this 8-K filing is August 9, 2024.
Filing Stats: 842 words · 3 min read · ~3 pages · Grade level 12.2 · Accepted 2024-08-12 06:30:07
Key Financial Figures
- $0.10 — nge on which registered Common Stock, $0.10 Par Value BRO New York Stock Exchan
Filing Documents
- bro-20240809.htm (8-K) — 44KB
- 0000950170-24-095047.txt ( ) — 162KB
- bro-20240809.xsd (EX-101.SCH) — 30KB
- bro-20240809_htm.xml (XML) — 5KB
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. BROWN & BROWN, INC. (Registrant) Date: August 12, 2024 By: /s/ Anthony M. Robinson Anthony M. Robinson Secretary