LOS ANGELES, April 4, 2016 /PRNewswire/ -- Gary Petrosino has joined Lockton as Chief Operating Officer of the global insurance broker's Pacific operations in the US effective April 1. He will be responsible for leading a team of more than 500 Associates in Los Angeles, San Francisco, San Diego, Encino, Irvine, and San Jose. Lockton is the world's largest privately held, independent insurance broker.
"Gary brings a tremendous understanding of our clients and our culture, since he has worked closely with our teams for many years," said Glenn Spencer, President of Lockton's US operations and Chief Operating Officer. "He will be a great asset to our clients and Associates as we continue to grow in the Pacific region."
Petrosino joins Lockton after 37 years at Chubb Group of Insurance Companies, most recently as Executive Vice President and Western US Field Operations Officer.
"He has distinguished himself as a leader who drives growth," said Tim Noonan, President and CEO of Lockton's Pacific operations. "Gary brings energy and an understanding of the issues facing the US and global companies that we serve."
Gary Petrosino succeeds Lenny Fodemski, a 24-year Lockton veteran. Fodemski has been promoted to a new role as an Executive Vice President in Lockton's holding company. He will serve as a business advisor to Lockton operations across the US. Fodemski has served as Chief Operating Officer for Lockton's Los Angeles and now Pacific businesses for the past 20 years. During Fodemski's tenure, the business has grown from one office and a team of 30 people to six offices and more than 500 people today.
Petrosino joined Chubb in 1978, starting as a marine underwriter, working in New York City, Sao Paolo, New Haven, and Long Island. He has led branch offices for Chubb and been the Senior Vice President for the Latin American Zone, creating a business that covered seven major countries.
He is also deeply involved in community service, serving as board chairman of the Insurance Industry Charitable Foundation in 2014-15. He was President of The City of Hope National Insurance Council in 2010-11 and as a council member for the past 11 years, and is on the board of the YMCA of Metropolitan Los Angeles. He is a graduate of Williams College in Williamstown, Mass.
More than 5,600 professionals at Lockton provide 48,000 clients around the world with risk management, insurance, employee benefits consulting, and retirement services that improve their businesses. From its founding in 1966 in Kansas City, Missouri, Lockton has attracted entrepreneurial professionals who have driven its growth to become the largest privately held, independent insurance broker in the world and 10th largest overall. For seven consecutive years, Business Insurance magazine has recognized Lockton as a "Best Place to Work in Insurance." To see the latest insights from Lockton's experts, check Lockton Market Update.
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/lockton-names-petrosino-as-chief-operating-officer-of-pacific-operations-in-us-300245518.html