Sedgwick reveals CEO succession plan, key leadership changes

Technology-driven risk solutions provider Sedgwick has unveiled key leadership changes as part of its succession planning process.

Mike Arbour, who most recently served as group president of global operations, has been promoted to CEO of Sedgwick and will join the company’s board of directors. Arbour will become the third CEO in the company's history.

Bob Peterson, who has been group president of sales and marketing, is promoted to president of the company.

Furthermore, Dave North, who led the company’s growth from $50 million to over $3.5 billion as chairman, president and CEO for more than 25 years, will continue to be active with the company as executive chairman.

North said: “It has been the privilege of a lifetime to work for and lead Sedgwick for the past 25 years. I am incredibly proud of the company that so many people have helped to build, as well as the successes and opportunities we have created for our colleagues and customers along the way.

“As we look to the future, it is time for the next generation of Sedgwick leadership to build on our legacy of helping people and businesses when they need it most. I am confident that Mike and Bob will lead the company to even greater heights in the next decade and beyond.”

Arbour commented: “I am honored to be named CEO of Sedgwick,” Arbour said. “It is an incredible privilege to lead the most successful, innovative and compassionate insurance claims company in the world. I appreciate the confidence that Dave North and the board of directors have in me, and I share their excitement and optimism for our bright future. We have a common passion for making this great company even better and ensuring that our best years lie ahead.”

Peterson added: “Working alongside Dave North for the past 25 years has been a truly extraordinary experience. Each year, we’ve reflected on the past and tried to roll the best of what we’ve done and learned into the next. These leadership appointments are one more way that we’re looking ahead to the future. I’m humbled to serve as president of Sedgwick and can’t wait to see what we can achieve together in the next five to 10 years.”