Arthur J. Gallagher Names New CFO

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NU Online News Service, Feb. 3, 3:46 p.m.EST?Arthur J. Gallagher & Co. announced today thatDouglas K. Howell would join the insurance brokerage firm on March3 as its new chief financial officer.

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Mr. Howell, 41, replaces executive vice president and chieffinancial officer Michael J. Cloherty, who left the position inSeptember of 2002. He remains under contract with the firm as aspecial advisor to the chief executive officer.

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Mr. Howell comes to the Itasca, Ill-based firm from 21st CenturyInsurance Group, a subsidiary of New York-based insurer AIG, wherehe was senior vice president and chief financial officer.

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J. Patrick Gallagher Jr., the firm's president and chiefexecutive officer, credited Mr. Howell with turning around21st Century.

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"His skills in strategic planning, product innovation andrigorous fiscal management will be a great asset," Mr. Gallaghersaid in a statement, "and he will play a strategic role in helpingus continue our organic growth and our expansion throughacquisitions."

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Mr. Howell said he was looking forward to his future atGallagher.

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