M
ME NEWS
13 May 2025, 19:25
Brown & Brown Appoints New Principal Accounting Officer and Approves Stock Plan Amendment
Brown & Brown, Inc. appointed Paul M. Gallagher as its new principal accounting officer, succeeding R. Andrew Watts, who continues as Executive Vice President, CFO, and Treasurer. Gallagher, currently the company’s Chief Accounting Officer, previously held a long tenure at Deloitte & Touche LLP, including international leadership roles, before joining Brown & Brown in 2024.
At the annual meeting, shareholders approved an amendment to the company’s 2019 Stock Incentive Plan, increasing the number of shares authorized for issuance by 6.93 million and extending the plan’s term. The proposal received strong support, with over 239 million votes in favor.
Additionally, shareholders re-elected all 13 nominated directors, ratified the appointment of Deloitte & Touche LLP as the independent auditor for fiscal year 2025, and approved the executive compensation package in an advisory vote. Over 92% of total shares outstanding were represented at the meeting, confirming a strong quorum and shareholder engagement.
Brown & Brown, Inc. appointed Paul M. Gallagher as its new principal accounting officer, succeeding R. Andrew Watts, who continues as Executive Vice President, CFO, and Treasurer. Gallagher, currently the company’s Chief Accounting Officer, previously held a long tenure at Deloitte & Touche LLP, including international leadership roles, before joining Brown & Brown in 2024.
At the annual meeting, shareholders approved an amendment to the company’s 2019 Stock Incentive Plan, increasing the number of shares authorized for issuance by 6.93 million and extending the plan’s term. The proposal received strong support, with over 239 million votes in favor.
Additionally, shareholders re-elected all 13 nominated directors, ratified the appointment of Deloitte & Touche LLP as the independent auditor for fiscal year 2025, and approved the executive compensation package in an advisory vote. Over 92% of total shares outstanding were represented at the meeting, confirming a strong quorum and shareholder engagement.
