On Aug. 12, Sedgwick announced key leadership promotions amongst its executive team as part of its planned succession process.

Mike Arbour was appointed as Sedgwick's new CEO and board member, becoming just the third chief executive in the company's more than 50-year history. Dave North, who led the company as president and CEO for more than 25 years, will continue an active role as executive chairman.

Also, Bob Peterson will assume the role of president after serving as Sedgwick's group president of sales and marketing.

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