Broker CEO steps down amid leadership overhaul

A major broking force has shaken up its leadership team, with its CEO set to depart at the end of the month.

Following on from its recent purchase of Wesfarmers’ broking businesses, Arthur J Gallagher has appointed Andrew Godden as the Chief Executive of its expanded Australian operations, with previous OAMPS Chief Executive Mike Cutter set to depart the company at the end of July, following a handover period.

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Outgoing OAMPS Chief Executive Mike Cutter.

Formerly ANZ’s Chief Risk Officer, Cutter had been in the role for 18 months. Godden had previously been Gallagher’s Australasian CEO.

Cutter will also step down from the NIBA Board. NIBA CEO Dallas Booth says: “We’d like to place on record our thanks to Mike for his commitment to NIBA since he joined the Board in August 2013.

“He has been very supportive of NIBA initiatives and we have greatly valued his input at a number of levels. We wish him well with his future endeavours.”

Steve Lockwood, former executive chairman of the Wesfarmers Insurance brokerage operations, has been appointed as Gallagher’s new Australia and New Zealand head and tasked with overseeing the integration of the broking properties.

“We see a tremendous opportunity to leverage the global Gallagher capability for our insurance broking clients across Australia,” Lockwood says.

“We are carefully thinking through the optimal structure and strategy going forward. However, it is already clear that an integrated broking business under a single leader in Australia is a necessary move and a first step to improving our staff, client and underwriter propositions.

“While we thank Mike for his contribution over the past 18 months and are sorry to see him go, we are thrilled about Andrew taking on an expanded role given his industry experience, success as a broker, leadership skills and the depth of knowledge he can bring to the combined business.”