Gallagher's CFO Steps Down
NU Online News Service, Sept. 5, 3:41 p.m. EST? Michael J. Cloherty, executive vice president and chief financial officer at Arthur J. Gallagher & Company, has resigned his current positions and stepped down from the firm?s board, the Itasca, Ill.-based insurance broker announced.
The resignation was effective Tuesday, and Gallagher said it has begun its search for a new CFO. It also announced that Mr. Cloherty signed a 10-year employment contract with Gallagher as special advisor to the chief executive officer.
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