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 officer of the firm. He succeeds his uncle Robert E. Gallagher, who served as chairman for 11 years until his death in August.
Gallagher also announced it will pay a quarterly cash dividend of 30 cents a share on the company's common stock on Jan. 15, 2007 to shareholders of record as of Dec. 29.
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