Kansas City, Mo.-based insurance broker LocktonCos. has named Glenn A. Spencer president and CEO,effective May 1, 2017.

Spencer will succeed John L. Lumelleau, who will continue aspresident and CEO, working closely with Spencer on the leadershiptransition until his retirement at the end of Lockton’s fiscalyear, April 30, 2017.

Spencer currently serves as Lockton’s global chief operatingofficer and president of its U.S. operations. Since 2005, he hasheld several operations leadership roles with Lockton andpreviously worked as an executive with Johnson & Higgins,Marsh, and Palmer & Cay. He began his insurance career at theTravelers in 1987.

“We are very pleased to have an accomplished internal candidatewe trust to lead our Associates and to carry on our entrepreneurialculture,” said David M. Lockton, Lockton’s executive chairman.“During his 11 years with Lockton, Glenn has demonstrated theleadership skills to build on our long record of delivering resultsfor clients.”

Lockton said the company has experienced dramatic growth andsuccess during Lumelleau’s tenure. He joined Lockton in 1997, andserved as president and CEO since 2002. During these two decades,Lockton has globalized and grown 12-fold from a $97 millionoperation with just seven offices in the U.S. to a $1.3 billionglobal company with 6,000 employees in 78 offices, the companyreported.

“John has been a tremendous business partner and friend throughremarkable change and transformation,” said Lockton. “He has guidedour unprecedented growth with his unique combination of leadership,vision, and energy. With a steady hand and keen understanding ofour industry, John led our global expansion, strengthenedrelationships with clients and carriers, and bolstered our culture.He helped create an environment that attracts talented Associates,fosters their development, and allows them to flourish by focusingon what is most important: the success of our clients.”

Lumelleau will continue to serve Lockton Inc. as a specialadvisor after his retirement, the company added.