Lockton names new CFO

Lockton names new CFO | Insurance Business America

Insurance News

Lockton names new CFO

Predecessor to transition to a new role

Insurance News

By
Paul Lucas

There are changes at the top for insurance brokerage giant Lockton.

The company has announced that Travis Leonard (pictured) will join the firm in the role of chief financial officer, taking the hotseat from Troy Cook who had been in the position since 2000. Cook is now set to become a direct advisor to chairman and CEO Ron Lockton, as part of corporate development.

Who is Travis Leonard?

Company literature described Leonard as “highly regarded and deeply qualified”. He has experience working across global markets having most recently been the CFO at Hostess Brands, until its sale to JM Smucker Co back in November last year. Before that, Leonard’s roles included working as the CFO for the medical segment of Cardinal Health, holding a leadership position within Kraft Foods, including a posting in Brazil, and starting his career in financial and economic consultancy with Arthur Anderson.

Leonard grew up in the Kansas City area and earned a BS in Finance, as well as later securing an MBA at Northwestern University within the Kellogg School of Management.

CEO Lockton expressed his excitement at Leonard’s arrival, noting not only his financial experience and global outlook, but also his “great energy” which would be used to support the brokerage’s future.

What’s next for Troy Cook?

Cook will become EVP of corporate development for the brokerage and is set to play an active role in Leonard’s transition. Lockton noted he was “grateful” for Cook’s “commitment and leadership”.

“When Troy transitioned from the role of independent board member to CFO in 2020, it was planned to be a five-year term,” he said. “He has helped position Lockton for strong, sustained growth and will continue to have a positive impact on Lockton through this planned transition and leadership in corporate development.”

Any thoughts on this transition at Lockton? Leave a comment below with your thoughts.