Arthur J. Gallagher & Co. Board Reduced to Eight Members

By Ahmed Jamerson • Wednesday, July 29 13:07 • Permanent Link

Arthur J. Gallagher & Co. said its board has been reduced to eight members following the death of David Johnson, who had served as the company’s Lead Independent Director.

The board named Ralph Nicoletti as the new Lead Independent Director, effective immediately. Nicoletti has been on the board since 2016 and has chaired the Audit Committee since 2019.

Johnson had spent more than two decades helping guide the company’s board. The announcement did not include any financial figures or operating metrics. As a result of these announcements, the company's shares have moved 0.78% on the market, and are now trading at a price of $267.37. For more information, read the company's full 8-K submission here.

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