J. Powell Brown, the son of J. Hyatt Brown, will succeed his father as the chief executive of the insurance brokerage firm Brown & Brown Inc., the company announced today.
The Daytona Beach, Fla.-based insurance broker announced today that J. Hyatt Brown, 69, plans to retire as chief executive officer July 2009, to be succeeded by his son, J. Powell Brown.
To begin the succession process, J. Powell Brown, 39, was named president. The current president, Jim W. Henderson, 60, was named vice chairman, a new position within the firm. He will remain chief operating office.
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