J. Patrick Gallagher Jr. has been named chairman of Itasca,Ill.-based insurance brokerage firm Arthur J. Gallagher &Co.
|Mr. Gallagher will remain president and chief executive officerof the firm. He succeeds his uncle Robert E. Gallagher, who servedas chairman for 11 years until his death in August.
|Gallagher also announced it will pay a quarterly cash dividendof 30 cents a share on the company's common stock on Jan. 15, 2007to shareholders of record as of Dec. 29.
|The board also elected William L. Bax to serve on the company'sboard of directors. Mr. Bax retired in 2003 as Chicago Areamanaging partner of PricewaterhouseCoopers.
|He is a director of Andrew Corporation and of NorthernFunds/Northern Institutional Funds. He is a director and trustee ofChildren's Memorial Hospital, DePaul University and Chicago's BigShoulders Fund.
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