Fast-growing broker AssuredPartners Inc. announced on Tuesday a series of changes in its senior management to support incoming CEO Thomas E. Riley from January 1, 2021.
During the changes, Paul Vredenburg has been promoted to CEO will continue as Chief Acquisition Manager, a position he has been in since the company's founding in 2011, AssuredPartners said in a statement.
Som COO, Mr. Vredenburg, will oversee the operational functions of the business, leading several corporate departments, based from AssuredPartners' Lake Mary, Florida, headquarters.
All agency activities will now report to Presidents Randy Larsen and Sean Smith, the broker said.
Mr. Larsen, former president of Western Regions, has been named president focusing on retail in the Eastern and Central Territories, based in Kansas City, Missouri. He will have seven regional directors' direct reports and oversee 1
Mr. Smith, the current CEO of Keenan & Associates, has been named president in charge of special 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, the current head of organic growth, 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 special development, strategic marketing, customer experience management and recruitment of sales leadership, said the broker. Mr. Beba is based in Cranford, New Jersey.
"I am confident that this core leadership team will continue to work as a cohesive team to design and implement the strategic initiatives that will be crucial for the next chapter in AssuredPartners' story," Riley said in the statement.  AssuredPartners is the 11th largest American business broker, according to Business Insurance latest ranking, with approximately $ 1.4 billion in brokerage revenue.